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Brought to you by Terry Donahe and Jim Corbeau, Springwater Wealth Management - LAKE OSWEGO WEALTH MANAGEMENT INSIDER

Jim Corbeau, Springwater Wealth ManagementTerry Donahe, Springwater Wealth ManagementWhen someone mentions the word "annuity" to you, what do you think? Expensive? Complicated? A bad investment? Illiquid? If so, you're not alone. Many people have negative perceptions of annuities.

When you're saving for retirement – in the "accumulation" phase – annuities aren't generally the best way to do so. They can have high fees and expenses, and complicated structures that even their salespeople often don't fully understand.

But once you're ready to retire – in the "distribution" phase – there can definitely be a place for an immediate annuity in your plan.

That's because an immediate annuity can provide you with a guaranteed stream of income in retirement, that you can't outlive. The income stream is guaranteed by the insurance company, so it's important to buy the product from a highly-rated, financially strong company.

Research has shown that retirement plans that include annuity income are stronger than those that don't. That's because the annuity, together with Social Security, can provide an "income floor" to pay your core living expenses in retirement, leaving your other savings and investments to pay for discretionary expenses.

Immediate annuities with income for life can be particularly attractive to retirees who expect to live a long, robust life. The longer you live, the higher the implied return on your investment in the annuity.

Springwater Wealth Management

6600 SW 105th Avenue, Suite 155

Beaverton, OR 97008

503-482-7570

www.springwaterwealth.com

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