After the market downturn during COVID-19, a couple in their 60s faced significant losses in their variable annuity account.

By analyzing their situation, we paired them with a fixed annuity that provided them an Income Bonus of 20% credit towards their future withdrawals.

Although this bonus was not immediately available for withdraw, it was credited immediately towards the future income they will draw from the account when they decide that they need to increase their monthly retirement cashflow.

By moving from a variable to fixed, we were able to provide them with a guarantee in writing that they would never experience a loss in their account again for as long as they live.

This strategic move not only allowed them to recover their initial account balance but also positioned them for higher retirement income payments in the future.

They appreciated the personalized advice and are looking forward to our next annual review to ensure their continued satisfaction with their personalized retirement strategy.