Planning for retirement can feel overwhelming, especially when it comes to making sure your income lasts as long as you do. One of the biggest concerns retirees face is the income gap—the shortfall between retirement expenses and reliable income sources like Social Security or pensions. Fortunately, there’s a strategic solution available for residents of St. Petersburg: a Fixed Index Annuity (FIA) with a Lifetime Income Rider.
What Is a Fixed Index Annuity?
A Fixed Index Annuity is a retirement income product that offers the potential for market-linked growth without direct market exposure. This means your principal is protected from market downturns, while still offering growth opportunities based on the performance of a stock market index.
How a Lifetime Income Rider Helps
By adding a Lifetime Income Rider, you turn your FIA into a powerful income planning tool. This rider guarantees a stream of income for life—even if your account value drops to zero—helping you confidently fill the income gap in retirement. You’ll know exactly how much income to expect, no matter how long you live or how the market performs.
Why It Matters for St. Petersburg Retirees
With Florida being a top retirement destination, retirees in St. Petersburg often look for ways to safeguard their lifestyle. Whether you’re already retired or just starting your income planning journey, a Fixed Index Annuity with a Lifetime Income Rider offers the stability and peace of mind you need.
Need help with income planning in St. Petersburg?
Contact us today to learn how a Fixed Index Annuity can help you secure guaranteed lifetime income and close your retirement income gap.
