Turning Savings into Reliable Income

Annuities are contracts with insurance companies designed to provide a steady, predictable stream of income. They can play a valuable role in retirement planning, especially for those who want to balance growth opportunities with protection from market volatility. At Gamble Risk Management, we focus on helping you understand how annuities work, the different types available, and how they may fit into your overall financial strategy. 

Types of Annuities 

• • Fixed Annuities

    • Offer a guaranteed interest rate for a set period, providing predictable growth and income.

• • Indexed Annuities

    • Link your interest earnings to the performance of a market index (like the S&P 500), with protection from market losses through a guaranteed minimum interest rate.

• • Variable Annuities (less common in our strategies)

    • Allow investment in sub-accounts similar to mutual funds, with returns — and risks — tied to market performance.

• • Immediate vs. Deferred Annuities

    • Immediate annuities start income payments right away, while deferred annuities allow your funds to grow before income begins.

Common Riders (Living Benefits) 

• Guaranteed Lifetime Withdrawal Benefit (GLWB) – Ensures a set income stream for life, regardless of market performance.

• Guaranteed Minimum Income Benefit (GMIB) – Provides a minimum income level after a specified accumulation period.

• Cost of Living Adjustment (COLA) – Increases payments annually to help offset inflation.

• Enhanced Death Benefit – Offers additional protection for beneficiaries.

Where Annuities Fit in a Financial Strategy

• Retirement Income Stability – Creates predictable monthly or annual income.

• Market Risk Mitigation – Indexed and fixed annuities can shield principal from market downturns.

• Tax-Deferred Growth – Earnings grow tax-deferred until withdrawn, potentially helping manage taxable income.

• Legacy Planning – Certain annuities can be structured to leave remaining funds to heirs.

Where Annuities Fit in a Financial Strategy 

• Retirement Income Stability – Creates predictable monthly or annual income.

• Market Risk Mitigation – Indexed and fixed annuities can shield principal from market downturns.

• Tax-Deferred Growth – Earnings grow tax-deferred until withdrawn, potentially helping manage taxable income.

• Legacy Planning – Certain annuities can be structured to leave remaining funds to heirs.

Whether you're just starting your financial journey or looking to refine your existing plan, our goal is to equip you with the clarity, tools, and confidence to make the best decisions for your future. Book Your Consultation today and take the first step toward your own financial independence.