While you may be building a financial nest egg via your retirement savings, a retirement savings product allows you to enjoy a monthly income after you’ve stopped working without worrying about depleting your capital. At Cornerstone Investment Advisory, we’ll help you formulate the ideal retirement income plan that gives you the maximum possible return, using one of the following products, or a blended solution of both:
Living Annuity.
A living annuity is a managed investment product with a degree of risk involved, so you can choose the level of income you’d like, and how often you receive income payments. This is a good option if you’re looking to leave money to nominated beneficiaries should you pass away.
Life Annuity.
This is an insurance product that guarantees a set monthly payment for the rest of your natural life no matter how long you live. In this way, a life annuity lets you safeguard against running out of money if you live longer than expected. However, when you pass away, no funds are passed to your estate.
Why should you consider a retirement income product with CFSG?
It’s flexible.
Depending on whether you choose a life or living annuity, you can draw either a fixed income stream, or one that varies according to the performance of your underlying investments.
More control.
With a living annuity, you get to choose how your funds are invested, which means your annuity can bring you higher monthly returns over your retirement if your capital appreciates.
Keep pace with inflation.
Whether it’s a living or a life annuity, you can choose to have your monthly payments keep pace with inflation, so your purchasing power remains strong over the long term.
Guaranteed income
With a life annuity, you’re guaranteed an income no matter what the market does, allowing you to reduce risk and ensure a stable income over your retirement years.
Interested in generating an income for your retirement years so you can stay financially stable once you stop working?
