Best Annuity for a 65-Year-Old in Georgia

Last updated: September 2025

Turning 65 is a major milestone—and for many Georgians, it’s the moment to secure predictable retirement income. With pensions disappearing and 401(k) balances vulnerable to market swings, many retirees are asking: What’s the best annuity for a 65-year-old in Georgia?

At Diversified Insurance Brokers, we compare 100+ top-rated carriers and more than 1,000 annuity products to find the best fit for each client. The right choice depends on whether you want guaranteed income right away, future growth with an income rider, or bonuses that boost your starting balance. Our goal is simple: design an annuity plan that gives you reliable paychecks for life and peace of mind that your savings won’t run out.

Why Age 65 Is the Ideal Time for an Annuity

At age 65, many Georgians are transitioning into retirement or planning to in the next few years. Social Security may provide part of the picture, but it rarely covers everything. That’s where an annuity comes in—helping fill the income gap with guaranteed monthly checks.

• Lock in lifetime income: The earlier you set up an income rider, the more your payout base can grow.
• Protect your principal: Fixed and fixed indexed annuities shield savings from market downturns.
• Coordinate with RMDs: For retirees using IRAs or 401(k) rollovers, annuities can be structured to satisfy Required Minimum Distributions (RMDs).
• Secure spousal benefits: Joint-life annuities ensure your spouse continues receiving income if you pass away first.

Example: 65-Year-Old in Georgia

A 65-year-old male rolling over $250,000 from his IRA into a fixed indexed annuity with an income rider could receive:

• Lifetime monthly income of approximately $1,450–$1,750, starting in year two (based on current carrier illustrations at time of publication).
• Joint lifetime continuation if a spouse is added to the rider.
• Protection against market losses while keeping potential for index-linked growth.

Actual payouts vary by carrier, product type, and state regulations—but this example shows how annuities can transform savings into predictable income.

Why Georgia Residents Benefit

Georgia is a favorable state for annuities:

• No state premium tax on most annuity products.
• Wide product availability from more than 75 A-rated carriers licensed in the state.
• Nursing home and terminal illness waivers often included at no additional cost.

Choosing Between Types of Annuities

• Immediate annuities (SPIAs): Best for those who want guaranteed income to start right away.
• Fixed indexed annuities with income riders: Provide growth potential and higher payouts if income is deferred for a few years.
• Bonus annuities: Add upfront premium bonuses that can boost your account or income base.

Our advisors compare these options side by side, helping you determine which fits your retirement timeline, risk tolerance, and liquidity needs.

Work With a Trusted Fiduciary Agency

At Diversified Insurance Brokers, we are family-owned fiduciaries licensed nationwide, with 40+ years of experience. We’ve helped thousands of clients secure retirement income by comparing annuities across multiple carriers. Because we are independent, we work for you, not the insurance company.

Schedule your free consultation today and see which annuity options provide the best guaranteed payout for a 65-year-old in Georgia.

Frequently Asked Questions