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Annuities
When you retire, you'll need a plan to convert your savings into income. Covering essential expenses, like health insurance, should be accounted for with predictable sources of income such as Social Security benefits, company pensions, or an income annuity.
If you have a family history of longevity and/or are in good health, part of your overall retirement plan could include an income annuity, providing a source of guaranteed lifetime income.1 An income annuity can also help with other financial risks you face in retirement, including inflation and outliving your savings.
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