Why Annuities Are the Best Pension Replacement for Today’s Retirees
Many retirees are discovering a major gap in their retirement strategy: the absence of a traditional pension. As companies move away from defined benefit plans, individuals are left to figure out how to create their own consistent, reliable retirement income. That’s where annuities come in.
Why Today’s Retirees Need a Pension Replacement
With longer life expectancy and increased market uncertainty, relying solely on Social Security or 401(k) distributions can feel risky. Annuities provide guaranteed income for life, similar to a pension—without the worry of running out of money.
How Annuities Mimic Pension-Like Security
Certain annuities, especially those with lifetime income riders, offer consistent monthly payouts you can never outlive. They give you the ability to turn a portion of your retirement savings into a stream of predictable income, no matter what happens in the markets.
Who Should Consider Annuities for Pension Replacement?
If you’re approaching retirement without a pension and want guaranteed monthly income that lasts as long as you do, an annuity might be the missing piece. Retirement accounts like 401(k)s or IRAs can often be rolled into an annuity, allowing you to secure guaranteed income using your existing savings.
A Family Approach to Planning
At Diversified Insurance Brokers, we specialize in creating pension-like income using the right annuity strategies. We also partner with Diversified College Planning to help families plan across generations—ensuring that while you secure your retirement, your children or grandchildren receive expert college funding advice.
Visit our annuity rate page here to explore competitive options tailored to your goals.
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