United States · Retirement income
How an annuity can provide income for life
Start with the monthly income you need alongside Social Security and any pension.
By Preserve Wealth Group · Sources checked September 22, 2026
Start with your monthly expenses
List the spending you expect in retirement, then the income already available to meet it. Use consistent before-tax or after-tax figures. Separate regular expenses from money needed for emergencies or larger purchases. The difference gives you a useful starting point for a conversation.
Understand the promise
An income annuity can exchange part of your savings for payments lasting for life. The payment depends on the contract and choices you make. Guarantees rely on the issuing insurer’s financial strength and claims-paying ability.
Bring the household into the discussion
Ask what income would remain if either spouse died and how rising living costs would affect the plan. A specialist can compare these needs with the savings you want to keep available. You do not need to choose a product before asking for an introduction.
Put your monthly income on paper.
Compare expected income and spending before discussing your options.
Open the income worksheet ↗Questions to bring to your specialist
- What monthly expenses are not covered by my existing income?
- Would payments continue for my spouse?
- How much should remain available outside the contract?
If you qualify, our team calls to confirm your details before reviewing an advisor match.
Sources and scope
Educational information for U.S. retirees and people approaching retirement. Tax treatment and suitability depend on your circumstances. Review a proposed strategy with appropriately licensed financial, tax and legal professionals.