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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.