Can I Stagger Annuity Income Start Dates?
Retire For Less With The Annuity Expert di Shawn Plummer
Note sull'episodio
Want to stagger your retirement income so it turns on at different stages of your life? 🛑💸
You cannot stagger start dates within a single annuity contract, but you CAN do it by building an "Annuity Ladder" across multiple contracts! In this video, Shawn Plummer from The Annuity Expert explains how to split your nest egg (for example, putting $250,000 into four different contracts) to maximize your State Guarantee Association protection limits. Once your money is safely divided, you can stagger the income to start in Year 3, Year 5, Year 7, and beyond!
Shawn also reveals the secret "age bands" insurance companies use, meaning deferring your income just one extra year could trigger a massive jump in your guaranteed payout percentage! (Pro-Tip: If your only goal for staggering is to beat inflation, buying a single annuity with an "Incr ...