For most retirees seeking guaranteed income, a single premium immediate annuity (SPIA) or a fixed index annuity with a guaranteed lifetime withdrawal benefit (GLWB) provides the most reliable retirement paycheck. The best choice depends on when you need income and how much flexibility you want.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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