People near retirement (within 5-10 years) can benefit from fixed indexed annuities that provide principal protection and market-linked growth. Adding a lifetime income rider provides guaranteed income for life. An independent agent can compare annuity options for near-retirees.
Key Points
- Fixed indexed annuity: principal protection and market-linked growth
- Lifetime income rider: provides guaranteed income for life
- Accumulation phase: 5-10 years before retirement
- Cannot outlive the income stream
- An independent agent can compare annuity options for near-retirees