Here I explain how to get the guaranteed income of a pension annuity without losing the flexible access and death benefits of drawdown. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:26 Why Are Annuities Becoming Popular Again? 3:12 The Problem With Pension Annuities 4:10 The Benefits of Fixed Term Annuities 7:01 Fixed Term Annuity Quote Examples 🎬 WATCH NEXT 🎬 Improve income sustainability in drawdown: 👇 LEGAL & GENERAL FIXED TERM ANNUITY QUOTES 👇 **** ABOUT THIS VIDEO **** Many people are drawn to the guarantees offered by lifetime pension annuities for retirement, but are put off by the loss of flexibility compared to flexi-access drawdown and other flexible retirement withdrawal methods. With pension annuities, you have to choose death benefits and other options like inflation linking at the start without knowing what the future is going to hold, and these options cost money. With pension drawdown, you can choose your level of income and have complete flexibility, as well as the ability to leave your whole pension pot to whoever you choose when you die. But drawdown does not guarantee that your income won't run out during your retirement like an annuity does. Fortunately, there are plans that exist called 'fixed term annuities', which allow you to receive the guaranteed income benefits of conventional retirement annuities, with the ability to choose a maturity value at the end of the fixed term. You are able to go back into drawdown after the term has ended, which is never possible with conventional pension annuities. I explain the benefits of fixed term annuities in this video, which could be of use in your own pension and retirement planning. **** DISCLAIMER **** The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must throughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek individual advice from a professional adviser. **** AFFILIATE LINKS **** Some product links are affiliate links which mean if you sign up or buy something I'll receive a small commission. 🌎 WEBSITE 🌎 For regular tips on how to build tax free growth and income, visit and subscribe to my blog... it's FREE and there is exclusive content for members: 📱 FOLLOW ME ON SOCIALS 📱 Insta: FB: Twitter: LinkedIn: ...(read more)
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Want Annuity Certainty with Drawdown Flexibility? Here's How When planning for retirement, it is important to consider options that provide both security and flexibility. Annuities have long been a popular choice as they offer a guaranteed income stream for life. However, in recent years, people have started seeking options that provide annuity certainty with added drawdown flexibility. What is annuity certainty? Annuity certainty refers to the guaranteed income that an annuity provides for a specific period, typically the remainder of someone's life. This regular income can be crucial in ensuring financial stability during retirement, covering essential expenses such as housing, food, and healthcare. Many individuals opt for annuities to secure a fixed income and avoid the risk of running out of money in their later years. Why consider drawdown flexibility? While annuities offer security, they often lack flexibility. Once you purchase an annuity, it is difficult to change the terms or access your lump sum capital. This rigidity can be a drawback for those who might require additional funds for unexpected expenses or want more control over their retirement savings. Drawdown flexibility, on the other hand, allows retirees to access their pension savings as and when they need them. It provides the freedom to withdraw money as a lump sum or gradually over time, while still maintaining the potential for investment growth. This flexibility can be invaluable in adapting to changing circumstances or fulfilling personal goals during retirement. So, how can you achieve both annuity certainty and drawdown flexibility? An innovative solution that brings together annuity certainty and drawdown flexibility is a hybrid product known as a flexible annuity. This product allows individuals to allocate a portion of their pension pot to a traditional annuity, providing a guaranteed income for life, while the remaining portion remains in a drawdown arrangement. The flexible annuity combines the best of both worlds. It offers the peace of mind that comes with annuity certainty, ensuring a stable income that will last throughout retirement. Simultaneously, it allows for drawdown flexibility, granting control over the remaining pension funds. Furthermore, the portion allocated to a drawdown arrangement allows retirees to access these funds as needed. This is particularly beneficial for unexpected expenses, covering healthcare costs, or indulging in hobbies and travel. Flexibility in drawdown also provides the opportunity for retirees to preserve or grow their investments, giving their retirement funds the potential to increase in value over time. It is important to note that flexible annuities may have varying terms, so it is essential to carefully consider the features and options available. These can include the ability to change the annuity income level or switch between different investment strategies for the drawdown portion. Seeking advice from a qualified financial advisor is recommended to ensure the product matches individual retirement goals and financial circumstances. In conclusion, a flexible annuity offers the best of both worlds—annuity certainty with drawdown flexibility. By combining the security of a guaranteed income with the ability to access additional funds as needed, retirees can enjoy financial stability while still maintaining control over their retirement savings. With careful consideration and advice from experts, individuals can achieve their desired balance of security and flexibility in their retirement planning. https://inflationprotection.org/how-to-secure-annuity-certainty-while-enjoying-drawdown-flexibility/?feed_id=119729&_unique_id=64bb2ef401f48 #Inflation #Retirement #GoldIRA #Wealth #Investing #annuities #annuity #annuityvsdrawdown #fixedtermannuity #pension #pensionannuity #pensionplanninguk #pensions #Retirement #RetirementIncomePlanning #retirementplanningat55 #retirementplanningat60 #retirementplanningat65 #retirementplanninguk #whatisanannuity #RetirementAnnuity #annuities #annuity #annuityvsdrawdown #fixedtermannuity #pension #pensionannuity #pensionplanninguk #pensions #Retirement #RetirementIncomePlanning #retirementplanningat55 #retirementplanningat60 #retirementplanningat65 #retirementplanninguk #whatisanannuity
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