Hello everyone! July has arrived so quickly, marking the official start of summer! Today, I'd like to talk about " Guaranteed Lifetime Income Annuity," a product that always seems to be well-received whenever I introduce it

SS Benefit, which is a concern as it is likely to decline in the future, and another lifetime income stream to create

With concerns about the decline of SSBenefit , if we can no longer rely too much on SSBenefit for retirement,

The idea of ​​creating an additional personal pension plan, such asan Annuity, is to have one for yourself.

There are various types ofannuities, butthe Guaranteed Lifetime Income Annuityis particularly easy to understand and popular.

Annuity is a retirement product, so payments generally begin after age 60

If you leave it for 10 years, you'll get 17 % of the principal each year ; if you leave it for 15 years, you'll get 20 % of the principal ; and even if you withdraw it immediately, you'll get 7-8% of the principal

Due to the nature of my work, I often attend seminars that include market forecasts,

The word "Uncertainty" has been heard a lot this year, especially since February . It probably reflects the various uncertainties we face in modern society.

In this context, the value guaranteed by this Guaranteed Lifetime Income Annuity is very appealing

To give a few rough examples,

Now, join this Guaranteed Lifetime Income Annuity ( from 401k , IRA , bank, etc.)

If you put money in, theamount will fluctuate slightly depending on your age.

If you leave it for 10 years and start withdrawing it after 10 years, you can receive approximately 17 % of the principal annually for the rest of your life.

If you leave it for 15 years and start withdrawing it after 15 years, you can receive approximately 20 % of the principal annually for the rest of your life

0years and start taking it this year,7-8% of the principal annually for life.

Currently, the guaranteed amount is high because interest rates are holding up, but if interest rates fall, the guaranteed amount will also decrease

Of course, if you purchase it while the guaranteed amount is high, that amount will be locked in

Furthermore, we also see people shifting a portion of their rapidly growing 401k into lifetime earnings annuities

Joint version for couples

If you choose a joint type for receiving this lifetime income,

Even if one party passes away, payments will continue until the other party passes away

This system is reassuring for Japanese women who are aiming for a long life. However, in that case, the percentage they receive each year will be slightly reduced

For Japanese women living in the U.S., many of whom are in international marriages, the average life expectancy makes this immediately clear

Since one partner is likely to pass away first, leaving the other partner alone for an extended period, the joint option will often prove very useful

However, if there is a very large age difference between the couple, they may choose not to have a joint arrangement

Please feel free to contact us regarding this matter

It's okay even if the lifespan is short

Lifetime income-basedannuitiesare generally more advantageous the longer you live, but what happens if your lifespan is short?

(Principal + Amount Increased Through Investment) - (Amount Received by the Beneficiary )

of thisformula, if you don't receive it, a family member can.

Every product has its pros and cons, and the important thing is to make a decision after understanding both

Also, since planning involves staring at unknown numbers such as how long I will live, there is no absolute plan

It's difficult, and it's important to create a plan that aligns with your priorities and to carefully revise it from time to time

Also, depending on your age and the portfolio you already own, some types may be more suitable than others

For planning consultations and inquiries, please contact ushere. We also accept requests for quotes.