When it comes to supplemental income in retirement, there are several methods people often use. Many times, people self-manage occasional withdrawals from their accounts as their needs arise in retirement. However, many retirees seek a steady, periodic, and consistent supplemental income – income they can expect and count on. Annuities can provide that steady income, and annuities combined with Lifetime Income Riders can be used to provide guaranteed income while maintaining control of their investment. Lifetime Income Riders with an indexed annuity can provide a set income whether the stock market goes up or down. This also allows you to take the income from your annuity while providing access to the remaining money in your annuity if an emergency comes along in life.
