Do Annuities Ever Run Out Of Money?

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

There is a lot of confusion about annuities. Many people are unsure whether or not annuities ever run out of money. In this guide, we will explore the answer to that question and provide some clarification about annuities. Stay tuned for more information!

Annuities Will Run Out Of Money If

There are several ways an annuity can run out of money.

While there are several risks associated with owning an annuity, careful planning can help to ensure that the annuity will last for the duration of the owner’s lifetime.

Can An Annuity Run Out Of Money

Annuities Will Never Run Out Of Money If

One of the biggest concerns regarding retirement planning is running out of money. After all, no one wants to have to return to work in their golden years.

An annuity can help to ease these fears by providing a guaranteed income stream, but what happens if the account balance is depleted?

This is where a guaranteed lifetime income rider comes in. This rider ensures that monthly payments will continue to be made, even if the account balance is gone.

As a result, annuity owners can rest assured that they will never outlive their income.

Next Steps

Annuities can be a great way to save for retirement, but it’s essential to understand all the details before deciding. We hope this guide has helped you better understand what annuities are and how they work. If you have any questions or would like more information, please don’t hesitate to contact us. We would happily provide you with a free quote and help you start your retirement planning today. Thanks for reading!

Do Annuities Run Out Of Money

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Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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