Are you relying on an annuity to help fund your retirement? Before you make the leap, it’s smart to revisit your strategy and your contract.
In this short video, I review three questions every annuity owner should ask before stepping into retirement.
You’ll learn:
✅ How to know if your annuity still fits your income plan
✅ What to watch for in the fine print
✅ Why taxes could take a bigger bite than expected
Watch the video now and get ahead of any surprises.
Need help evaluating your annuity? I offer complimentary second opinions and am happy to review your plan.
Schedule your free session:
(480) 247-9090
info@SWAFirm.com
Book a time
Your retirement income should feel like a safety net, not a question mark.
Transcript
Will your annuity truly deliver the income you need in retirement?
Hi, I’m Brent Matthew, founder and CEO of Scottsdale Wealth Advisory. If you are approaching retirement and counting on an annuity to help fund your future, now is the perfect time to reassess whether it still fits your plan. In this video, I’ll walk you through three essential questions every annuity owner should ask before retiring. Asking them now can help you avoid costly surprises later and give you more confidence in your plan moving forward.
Is Your Annuity Still the Best Option for Retirement Income?
One of the most important questions to ask is a straightforward one. Is my annuity still the best option for my retirement income needs?You may have bought your annuity for the steady payouts. Now that retirement is on the horizon, however, it makes sense to double-check. This is because your situation can shift. Perhaps you’ve picked up a pension or another income source. If your needs are already covered, an annuity might be redundant.
Taking a fresh look now can prevent unexpected gaps or overlaps from arising later.
Understanding the Terms and Conditions of Your Annuity
Another thing to ask yourself is whether you truly understand the terms and the conditions of your annuity contract. For example, are you clear about how and when you can start receiving income, or what happens to your money if something happens to you? Understanding these key points now means fewer surprises later and more confidence that your plan will work the way you expect.
Be Aware of the Tax Impact of Annuity Withdrawals
Are you ready for the tax impact when your annuity starts paying out? To answer this question, you first need to know how withdrawals are taxed and whether you’ll face any early-withdrawal penalties.
Speak with a financial advisor about strategies to keep more of your income. There are several moves that you can make now that might lower your future bill.
How Required Minimum Distributions Affect Your Retirement
Finally, if your annuity sits inside of a 401(k) or an IRA, learn how required minimum distributions work and how they’ll affect what you owe. Having a clear picture today means fewer surprises tomorrow.
Speak With a Fiduciary Financial Advisor About Your Annuity
I hope these three questions give you more clarity as you prepare for retirement. But remember, every retirement situation is unique. Before making any decisions about your annuity or retirement income strategy, it’s important to speak with a fiduciary financial advisor who can look at your full financial picture.
Complimentary Second Opinion on Your Annuities
At Scottsdale Wealth Advisory, we are happy to offer you a second opinion on any annuities you own. If something doesn’t fit, we’ll tell you. And if your plan looks solid, we’ll confirm that too. So you can move forward with clarity and confidence.
Schedule Your Annuity Coaching Session Today
To schedule your complimentary annuity coaching session, call 480-247-9090, email info@swafirm.com, or book directly at calendly.com/BrentMatthew.
Let’s make sure your retirement income plan is truly working for you.
