How can lifetime income annuities help increase your retirement income? Let’s look at an example: Following the 4% withdrawal rule, a $1 million portfolio typically provides about $40,000 per year in income. But by allocating $500,000 to a diversified portfolio and $500,000 to a lifetime income annuity, annual income could rise to approximately $54,500—depending on the insurance carrier and selected options. That’s a potential increase of over 35% in yearly income while maintaining income for li
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