Each part of your retirement money has a different job.
Layered Income starts by seeing which jobs your Social Security, pension and savings already cover. Then we look at whether an annuity could take on one that is left, and what it would ask of you in return.
Everyday income
Money within reach
Later years
Social Security
Pension
Savings
Annuity
Diagram: Social Security and a pension connect to everyday income. Savings connect to everyday income, money within reach and later years. An annuity is drawn with dashed lines to everyday income and later years, as an option only.
We fill in the map before we talk about products.
In a review we work through three questions with you, in this order.
What do you need your money to do each month, in an emergency and later on?
Which of those needs are your current resources already covering?
Where a gap remains, would an annuity's guarantees be worth the access you give up?
Many annuities offer guaranteed income or a guaranteed rate for a set term, and most limit access to that money for years. A review weighs that tradeoff against your own needs.
Bring your questions about income.
Schedule a review to discuss your income needs, concerns and annuity options.
Reviews are with Bryan Hackett, a licensed insurance producer. About Layered Income
Schedule a Review