Single Premium Immediate Annuities
SPIAs have been sold in the United States for hundreds of years and are still the best personal pension plan for lifetime income if you need those payments to start immediately. SPIAs are still the foundation of most retirement income plans or retirement plans that need a guaranteed income floor in addition to Social Security payments or employer pensions (if you are so fortunate).
Lifetime income stream you can never outlive.
Income can start as soon as 30 days from issue date.
No annual fees & no moving parts.
Can also be set up to pay for a Period Certain.
Can be used in IRAs, non-IRAs, Roth IRAs.
No market attachments.
Cost of Living Adjustment (COLA) can be added.
Can be set up for one life or joint life.
Can be used a legacy income planning tool.
Can be used for “Laddered Income” customized strategies.