Do you want guaranteed income from an immediate annuity, but are worried about sinking your entire savings into something untouchable? If so, consider buying immediate annuities in stages, a strategy pinpointed by a group of researchers as an effective way to plan for retirement. Buying an immediate annuity when you first retire, then following up later with another immediate annuity can help you have a more successful retirement.

Buying immediate annuities in stages achieves two goals. First, it allows you to have more free savings earlier in your retirement, when you may want to travel, upgrade your kitchen, or help pay college tuition for a grandchild’s education. By using a portion of your savings to buy an immediate annuity, you are guaranteeing income for yourself, no matter what happens. Ten or fifteen years down the road, you can use the remainder of your savings to buy another immediate annuity. Because you will be older, you will get more bang for your buck in the form of higher monthly payments. Combine the higher-paying immediate annuity with your original annuity contract, and you have strong, safe guaranteed income.

Savvy retirees know the benefits of immediate annuities. Similar to an old-fashioned employment pension, immediate annuities offer retirees peace of mind—no more worrying about running out of savings. Also, immediate annuities take the guesswork out of converting your savings to income. No longer will you worry that you are taking out too much or too little. Immediate annuities provide an efficient way to turn hard-earned savings into income, with no stock market risk.

Are you curious about the process of buying immediate annuities in stages? Our Annuity Specialists can go over the benefits of immediate annuity ownership, including any detriments to your financial situation. Call AnnuityLibrary.com at 1-800-998-4056 today to learn more about retiring successfully using immediate annuities.