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If you have an investment strategy or a retirement strategy, there better be an income strategy as well. In a pension-less world, too many people are relying too much on their Social Security payments. Social Security is the best inflation annuity on the planet, but it was never put in place to be the primary source of retirement income.

The focus tends to shift from market growth to income with a demographic tidal wave of people reaching full retirement age every single day. Increasing your retirement income becomes the top personal finance goal for any long term financial plan.

A retirement annuity can be multiple types of annuities. I think most people when talking about a retirement annuity, they're talking about a lifetime income stream. An immediate annuity, a deferred income annuity, or qualified longevity annuity contracts. Something that's going to create a pension type income stream.

“Retirement Income” might be the two most important words to the 10,000+ baby boomers that reach retirement age every single day. For the people that plan to retire soon or in the future, Retirement Income is a focus and the ultimate goal for most hard-working Americans.