Real Talk About Annuities: Guaranteed Income in Retirement

We are in a time when the availability of traditional pensions continues to decline. Meeting the clients’ needs during such a time provides you an opportunity to explore the role annuities can play in a comprehensive planning conversation.

When an annuity is used in addition to other sources of guaranteed income, such as Social Security, clients can spend down their retirement savings in a more controlled fashion. Even clients fortunate enough to have a pension may welcome the additional guaranteed income from an annuity.

In addition, many clients are also concerned about the bucket they call unexpected expenses. Medical expenses have become a real concern for many in retirement. As costs continue to rise, those in retirement or getting ready to retire need to understand the impact these unpredictable costs can have on their retirement income. Understanding the role an annuity can play as part of their portfolio, can often help clients plan for these expenses with a comfort in knowing their essential expenses can be paid regardless of the impact market fluctuations may have.

Any retirement savings plan has multiple facets, and the guaranteed income that annuities provide can be a powerful addition. Guaranteed income provides a host of benefits, but a degree of dependability is perhaps the most important.

This feeling of confidence is something financial professionals strive for when working with clients to achieve important life goals. It provides an entry point for discussions around the potential role of an annuity in a comprehensive retirement plan.

At Brighthouse Financial, we see the financial professional as the source of information in guiding their clients to a strategy that can help them reach their financial goals. To learn more about the role annuities can play in your clients’ retirement portfolio, explore The Role of Annuities in Retirement insights.