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Lifetime Income Solutions

Tackle Retirement with the Income Fact Finder

Get help creating your retirement income game plan. Check your retirement readiness with the Income Fact Finder. This interactive worksheet features Western & Southern spokesperson Cris Collinsworth and provides a concise and user-friendly summary of income needs and sources. Use it to compare results and inventory investable holdings that may help bridge income gaps.

A completed fact finder can be saved, printed and emailed as needed. Plus, you can use it to discuss results with your financial professional and create a game plan to adjust for the future. 

Meet Meg. She Solved Her Retirement Needs. And So Can You.

Need retirement income you can’t outlive? Have coffee with Meg. Take a video break and learn how Meg uses a single premium immediate annuity (SPIA) to alleviate concerns about outliving her retirement assets and being unable to meet monthly expenses.

Seeking Income? Hear Meg's Story

See how one client created an “income strong” retirement strategy she can’t outlive.

Seeking Secure Income? Hear Meg's Story

Hi, I'm Meg. Like many other retirees and people nearing retirement I have concerns about having a reliable source of income that I can't outlive. One option I'm considering is a single premium immediate annuity. I recently shared my financial concerns and what I've learned about these annuities with my daughter, Lisa, over coffee.

Hi mom. How was the trip?

Great Lisa. The kids are getting so big but I wish your brother hadn't moved so far away. I don't know how often I'll be getting out to see them. Air fares are really up.

I know what you mean. Everything seems to be going up.

Yeah, some things more than others, like healthcare. You know, unexpected medical expenses when your dad was sick took a big chunk out of our retirement savings.

Mom, are you okay money-wise?

I don't know. It's not like we didn't plan. When we retired, your dad and I both had Social Security benefits, our retirement savings and a little pension from your dad's first job. That was before most companies stopped offering pension plans. But I only get 50% of his pension payment now that he's gone. Our retirement savings have had to make up the difference. And the crazy financial markets don't make it easy.

You've got that right. I feel jittery taking money out of our college savings fund every time Emma's tuition comes do. We have Jerrod and Madison to think about too. I have to admit, I'm more than a little nervous about running out of money.

Your grandmother lived to 86. Can I make my savings last that long? Maybe I should have waited until I turned 66 to take Social Security benefits, instead of starting them at 62, so I receive larger payments. My benefits replace less than half of my pre-retirement income.

Mom, you always told us what's done is done. Looking back won't help. You have to move ahead. Talk with someone who's knowledgeable and understands your financial concerns. Let me give you our financial professional’s phone number.

Lisa was right about moving ahead. I called and met with her financial professional. There were a lot of things, besides my Social Security benefits, that I needed to think about: like healthcare costs, my life expectancy, market volatility and inflation. 

Like me, you might be surprised at the impact inflation can have. Just look what can happen if inflation goes up 3% a year. The amount of groceries or other goods that $100 will buy in the future, may be considerably less than the amount you can buy today. Will you have the income to cover these increases? I wasn't sure I would. Healthcare costs have been increasing even faster, about 5% a year over the past 20 years.

Along with inflation, women should plan for longer retirement time-frames and the possibility of spending at least part of their retirement years alone. On average, a woman age 65 can expect to live an additional 20 years and outlive her spouse. And life expectancy compounds with age. Looking on the bright side, that gives me more time to perfect my tennis serve.

But making my income sources last long enough is also a concern. I know one way to do this is to grow my retirement savings by investing part of them in stocks. But the stock market is so volatile. And it seems that even with cash investments, there's still some market uncertainty. The bottom line is, I don't want to take the chance that: I'll withdraw too much money at the wrong time, my investments won't be able to make up the difference, and I'll run out of money. So what did I do?

Hi Lisa. Sorry I'm late, traffic!

No problem I just got here myself.

What's up? Remember how I said I was concerned about having a reliable retirement income? I want to be able to get out to see your brother and the kids more often. And do other things I like without worrying about running out of money.

I remember. Are you having problems? We can help if you need us to.

It's sweet of you to offer but I'm fine. I talked with a financial professional you recommended. We went over my financial situation and I looked at my different investment options. I considered them all and did some research on my own. I've decided to buy a single premium immediate annuity. It's straightforward. I can use some of my savings to buy it. The annuity will pay me a guaranteed income I can't outlive. I won't have to worry about figuring out how to make my money last.

Sounds good mom. And since you're in a decisive mood, what do you think? Should we order pie with our coffee today?


A single premium immediate annuity was the right choice for me. It may be right for you too. A financial professional would be happy to review your financial situation with you and discuss your options.



An immediate annuity is permanent. An owner has no access to the premium, which converts to income payouts. A contract has no cash value, no death benefit and can’t be surrendered. Terms such as the payout amounts, timing and rates cannot be changed, unless commutation elected. Payouts end at annuitant death unless certain period or installment refund option elected. Life contingent payout may be less or more than premium based on length of annuitant(s) life. Life and Temporary Life payouts provide no benefit on or after the death of the annuitant(s). The commutation rider is not available in all states. IPO payments are initially lower than a payout option without IPO. IPO payments increase annually and at some point, depending on payout elected and annuitant’s longevity, exceed those received under an option without IPO. If annuitant dies prior to life expectancy, a payee may receive less total income with an IPO than without one.

Single Premium Immediate Annuity contract series ICC10 ENT-01 0901, ENT-01 0901, ENT-01 0901 NY.

Payment of benefits under an annuity contract is the obligation of, and is guaranteed by, the insurance company issuing the annuity. Guarantees are based on the claims-paying ability of the insurer. All are members of Western & Southern Financial Group. W&S Financial Group Distributors, Inc., is an affiliated agency of the issuer. Issuer has sole financial responsibility for its products. This contract has limitations. Annuity benefits offered may vary due to misstatement of sex or age. Interest rates are declared by the insurance company at annual effective rates, taking into account daily compounding of interest.

Earnings and pre-tax premium payments are subject to income tax at withdrawal. Withdrawals prior to age 59½ are generally subject to a 10% IRS penalty tax.

Western & Southern member companies and their agents do not offer tax advice. For specific tax information, consult your attorney or tax advisor. Product and feature availability, as well as benefit provisions, vary by state. See your financial professional for availability, details and limitations.

NOTE: Product availability may vary by distribution channel and state availability. Please consult your financial professional for the products they represent.

Securities offered through Touchstone Securities, Inc. Cincinnati, OH, a registered broker-dealer and member FINRA/SIPC.

No bank guarantee.
Not a deposit.
May lose value.
Not FDIC/NCUA insured.
Not insured by any federal government agency.

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