Retirement Strategy – Guaranteed lifetime Income
Know More about
Guaranteed Lifetime Income for Life
Imagine a retirement plan that never runs out — a stream of income that continues for as long as you live. That’s the power of a Guaranteed Lifetime Income Annuity, designed to turn your savings into dependable monthly payments that last a lifetime.
Input: What Funds You Can Use
- IRA (or old 401k) – roll over existing retirement savings for guaranteed payouts
- SEP IRA – ideal for self-employed professionals seeking lifelong income security.
- ROTH IRA – enjoy tax-free income for life on qualified withdrawals.
- Liquid Cash – convert personal savings into a guaranteed income stream.
Output: How Taxation Works When Withdrawing
- Once you reach age 59½, withdrawals are treated differently based on the source:
- IRA / SEP IRA → Taxable income each month.
- ROTH IRA → No taxes on qualified lifetime payments.
- Liquid Cash → Taxes only on gains, not on your original principal.
