As more Americans head toward their mid-to-late 60s, it's a good time to reconsider how you can use annuity products. Annuities are one of the few financial products that provide the features and benefits needed to provide guaranteed protected income during times of inflation. By Bobby M. Collins Patch: https://patch.com/users/bobby-m-collins Presentations: https://www.slideshare.net/BobbyMCollins/presentations Medium: https://medium.com/@bobbymcollins Collins Site: https://collinsandcate.com/ Pinterest: https://www.pinterest.com/bobbymcollins/ YouTube: https://www.youtube.com/channel/UCKIKRPVgRQJ_T-aWZFFvOmA Quora: https://www.quora.com/profile/Bobby-M-Collins

1. 23 Ways to Use Annuities
to Save for Retirement
Bobby M. Collins

2. 1. Avoid Market Loss and Downturns
Use a fixed indexed annuity structure to ensure that the
principal paid for the contract is not lost due to a market
downturn. Buyers of fixed index annuities will never receive
less than zero percent interest at any given time on the loan.

3. 2. Create a Lifetime Revenue Stream
Transfer the amount of money for unnecessary
permanent life insurance to an annuity product with an
untaxed exchange.

4. 3. Accelerate Revenue Generation
Take advantage of annuity tax deferral to earn interest
in three ways: principal, interest, and tax savings.

5. 4. Generate Protected Income
Transfer funds from a 401(k) or other qualified
retirement savings plan to an annuity so that you can
use the annuity as an optional source of income so that
the funds raised to create a protected, guaranteed
income stream.

6. 5. Income Planning for Small Businesses
Take advantage of deferred annuity income to create a
lifetime income stream for small, qualified plans by
making the annuity investment in a qualifying plan.

7. 6. Maximize Social Security
Buy a floating annuity that secures your current
retirement income while postponing access to social
security benefits to qualify and maximize your inflation-
adjusted monthly social security payments.

8. 7. Deferred Tax Accumulation
Use deferred annuity to accumulate deferred tax.
Annuity income is not taxed until it is collected or until
the buyer starts receiving regular payments.

9. 8. Basic Protection
Take advantage of contractual guarantees for fixed
annuity products to protect the amount of principal.
Loses are avoided due to the contract.

10. 9. Avoid Market Decline
Buy a fixed-term annuity contract as collateral against
lower stock market risk to keep capital for later, when
you retire.

11. 10. Give to Family Members
Use the income annuity to generate cash flow to give a
cash gift to family members, to fund education,
downpayment or other transfer.

12. 11. Help with Healthcare
Annuities help with home care, exemption from fatal
illness for sickness benefits, or better income
deductions for chronic illnesses.

13. 12. Diversify
Use the various options available in index fixed
annuities or variable annuities to achieve saving
objectives.

14. 13. Reduce Risk
Use fixed-rate annuity to protect against the risk of
major market downturns in the first years of retirement.

15. 14. An Alternative to a Low-Bank Product
Use a multi-year fixed annuity (MYGA) as an
alternative to buying a mortgage certificate to get a
higher return.

16. 15. Basic Cost of Living Fund
Buy a yield annuity or use deferred annuity yield
options to finance significant pension-related costs.
This approach frees up other assets for investments
with potentially higher returns than inflation-
compensating asset classes.

17. 16. Life Insurance Savings
Use the annuity to deposit an “underwater” life
insurance contract by converting the amount of money
transferred into the premium paid for the lifetime
income.

18. 17. Sources For Long-Term Care
Use a deferred annuity to fund long-term care
premiums (LTCs). If set correctly, the owner will receive
an untaxed way to fund the long-term care premium.

19. 18. Have Life Benefits
Take advantage of benefits and optional supplemental
insurance for deferred annuity products to gain life
benefits.

20. 19. Reduce the Risk of Longevity
Use a deferred income annuity or a qualified long-term
annuity (QLAC) as collateral against surviving savings.
The options can give an extremely long service life.

21. 20. Medicaid Spending Protection
Buy a Medicaid-eligible annuity to keep your assets.

22. 21. Create an Annuity Using Pension
Buy income now bucket income annuity, deferred fixed
or variable annuity for income later bucket and a third
group using deferred fixed or variable annuity income
to meet the required minimum distribution need.

23. 22. Supplement Pension
Use annuity and optional supplementary income
insurance on annuity products to create a protected
flow of supplementary retirement income.

24. Use the internal components of deferred annuities so
that proceeds are paid directly to designated
beneficiaries to avoid probate delays and costs.

25. Feel free to reach out to Bobby M. Collins for additional
information.