Summerlin Benefits Consulting Q&AAnswer
Nov 13, 2024 - 09:59 AM
Retirement income planning faces risks like market volatility, inflation, and longevity risk. To mitigate these, options like Fixed Indexed Annuities (FIAs) can offer principal protection while providing reasonable returns. Annuities such as these allow for predictable income, ensuring retirees don’t outlive their savings. Additionally, diversifying income sources and integrating income riders or long-term care benefits can enhance stability and security.
