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Página principalAs you approach retirement, you’re likely thinking about what you’ll do: travel, volunteer, move to a new city, spend time with your family. Will you have the income you need to do what you dream of? Building a retirement income plan can help make you feel more in control of your retirement years.
A key component to a successful retirement plan may be guaranteed income — income that you know will be available and that you can rely on, regardless of how long you live and regardless of the stock market’s ups and downs.
As you consider sources of guaranteed income to allow you to fulfill your retirement plans, you may want a guaranteed-income source that can also provide you with:
An annuity may be a viable option for providing you with guaranteed income as well as the opportunity for all of these additional benefits.
It’s hard to know what the stock market will do from year to year, and your appetite for risk might be less as you approach and reach retirement. An annuity might be your safety net to ensure that a portion of your income is protected from the ups and downs of the market.
Even though you want guaranteed income in retirement, you also want to give the money you invest an opportunity to increase in value. An annuity may offer potential growth with protection from market loss.
Tax-deferred saving provides the potential for greater growth of your investment because you are not taxed until you start taking withdrawals. Depending on your particular income situation, this could be a significant tax savings down the road, leaving you with more money to spend in retirement.
Providing for your family or any beneficiary after you’ve passed may be one of your financial concerns. An annuity with legacy benefits allows you to pass on the value of that investment as part of your beneficiary planning, giving it even more time to potentially grow in value.
If you’re looking for any of these features for your retirement investment, an annuity may be a complementary addition to your retirement financial portfolio. An annuity is a contract between a person and an insurance company designed to meet long-term financial goals, such as retirement. That backing provides you with a level of insurance that planned income will always be there for you. When you purchase an annuity, you can choose whether to start receiving regular income from your investment right away, or at a time in the future.
Your monthly income is guaranteed, no matter how long you live — and if you’re healthy in your 60s, the odds are improving that you’ll live into your 80s or your 90s.
By working with your Financial Advisor, you can customize your annuity to fit your needs. While all annuities can offer you guaranteed income throughout your life, different types of annuities give you a number of options. The guaranteed income provided by an annuity can be an important part of a well-rounded retirement plan that allows you to take charge of your retirement years and your money, so you can enjoy the life you’ve dreamed of.
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Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
Variable annuities are sold by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before you invest. The prospectus, which contains this and other information, can be obtained by calling your Financial Advisor. Read it carefully before you invest.
Variable annuities are long-term investments appropriate for retirement funding and are subject to market fluctuations and investment risk.
Fixed annuities may have a higher initial interest rate, which is guaranteed for a limited time period only. At the end of the guarantee period, the contract may renew at a lower rate.
A Guaranteed Minimum Income Benefit (GMIB) feature is an optional rider on a variable annuity that is available for an additional annual charge against the income base. It generally may only be selected at the time of contract purchase and cannot be changed later. It can usually be exercised only after a waiting period. A GMIB feature is not a cash or account value. Please be advised that depending on the performance of the investment option selected, the contract value at the time of annuitization could be such that the investor would incur a higher expense with the GMIB option without receiving any additional benefit.
Guarantees are based on the claims-paying ability of the issuing insurance company. Guarantees apply to minimum income from an annuity; they do not guarantee an investment return or the safety of the underlying investment choices.
Each annuity feature may incur additional cost.
Withdrawals of earnings are subject to ordinary income tax. In addition, a federal 10% penalty may apply to withdrawals taken prior to age 59½ and surrender charges generally apply.
Insurance products are offered through non-bank insurance agency affiliates of Wells Fargo & Company and are underwritten by unaffiliated insurance companies.
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