Timothy Sumer

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

How can I take my Personal Pension/SIPP? Your Retirement Income Options and Planning for your Retirement! In this video I give an overview of some of the key ways you can take your Personal Pension or SIPP. I highlight three of the main ways that you can take an income from your Pension and give real quoted examples that have been sourced from the open market. I give an idea of the income that can be obtained using either Flexi-Access Drawdown, purchasing an Annuity or a Fixed Term Annuity. The basis of the Annuity is assumed as follows: - *Standard rate (not enhanced, the client has no medical/lifestyle factors that increase the starting rate of the annuity) *Level *Payable monthly in arrears *Single life basis (no spouses/dependents benefit has been built in) ⏰ 0:00 - Introduction 1:22 - What to watch out for? 2:11 - Tax? 2:38 - Annuity 5:47 - Annuity or Drawdown? 7:09 - Increasing Annuity 8:42 - Fixed Term Annuity 10:10 - Flexi Access Drawdown 12:15 - B