Income Annuities

Turn Your Retirement Savings Into Predictable Income

Retirement isn’t just about building assets, it’s about turning those assets into reliable income you can count on.

An Income Annuity is designed to convert a portion of your savings into a steady stream of payments, helping create confidence and clarity around your retirement income plan.

At Ward Financial, we help individuals explore income annuity strategies that can provide dependable income for life, so you can focus more on living and less on worrying about market swings.

What Is an Income Annuity?

An income annuity is a contract with an insurance company designed to provide a stream of guaranteed income payments either immediately, known as an Immediate Income Annuity, or at a future date, referred to as a Deferred Income Annuity. In exchange for a lump-sum investment or a series of contributions, you receive scheduled payments that can continue for a specific period of time or for the rest of your life. The primary goal of an income annuity is to help create income stability and predictability throughout retirement.

Why Consider an Income Anuity?

Many retirees face four major financial risks:

  • Market volatility

  • Longevity risk (outliving your savings)

  • Withdrawal rate risk

  • Income gaps between Social Security and expenses

An income annuity can help address these concerns by providing:

  • Guaranteed Income Stream
  • Lifetime Income Options
  • Budget Stability
  • Peace of Mind

How Income Annuities Fit Into Your Retirement Strategy

An income annuity is not meant to replace your entire portfolio. Instead, it may serve as:

  • A personal pension supplement

  • A way to cover essential expenses

  • A tool to reduce portfolio withdrawal pressure

  • A foundation for more confident investment decisions

By securing core living expenses through guaranteed income sources, you may be able to invest other assets more strategically.

Turn Your Retirement Savings Into Predictable Income

Let’s Build Predictable Income

If you’re approaching retirement or already retired and want to explore guaranteed income solutions, we’re here to help.

Schedule a consultation with Ward Financial to learn whether an income annuity could play a role in your retirement income strategy.

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