When families start thinking about retirement or aged care, one question comes up again and again:<\/p>\n
Will the money last?<\/strong><\/p>\n It is a simple question, but not always an easy one to answer.<\/p>\n A lifetime annuity is one option that can help provide certainty. It is not right for everyone, but when used well, it can play an important role in creating a stable and sustainable income.<\/p>\n A lifetime annuity converts a portion of your savings into a regular income for life<\/strong>.\u00a0It is designed to:<\/p>\n Think of it as creating your own personal pension.<\/p>\n Many people hesitate because they have heard things that are not entirely accurate.<\/p>\n \u201cI lose control of my money\u201d<\/strong> \u201cThey are not flexible\u201d<\/strong> \u201cThey will not keep up with inflation\u201d<\/strong> \u201cI lose everything if I die early\u201d<\/strong> Lifetime annuities are often most effective when used to:<\/p>\n They may not be ideal if:<\/p>\n A lifetime annuity is not about chasing returns.<\/p>\n It is about creating certainty where it matters most<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" When families start thinking about retirement or aged care, one question comes up again and again: Will the money last? It is a simple question, but not always an easy one to answer. A lifetime annuity is one option that can help provide certainty. It is not right for everyone, but when used well, it […]<\/p>\n","protected":false},"author":3,"featured_media":1224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[45,5,9],"tags":[111,168,169,170,171,80,49],"class_list":["post-1223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-centrelink-planning","category-estate-planning","category-retirement","tag-finances","tag-gold-coast-aged-care-advice","tag-income-planning","tag-lifetime-annuity","tag-lifetime-income-streams","tag-money","tag-trusted-aged-care-services"],"acf":[],"_links":{"self":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/posts\/1223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/comments?post=1223"}],"version-history":[{"count":0,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/posts\/1223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/media\/1224"}],"wp:attachment":[{"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/media?parent=1223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/categories?post=1223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trustedagedcare.com.au\/newsite\/wp-json\/wp\/v2\/tags?post=1223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What is a Lifetime Annuity?<\/h3>\n
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Common Misunderstandings<\/h3>\n
You are exchanging capital for income, but many products now offer withdrawal options, guaranteed periods and death benefits.<\/p>\n
They are less flexible than investments, but modern annuities offer more options than they used to.<\/p>\n
Some can be indexed or increase over time, although this reduces the starting income.<\/p>\n
Many include guaranteed payment periods or benefits to a spouse or estate.<\/p>\nWhere They Work Best<\/h3>\n
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Where They May Not Suit<\/h3>\n
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Final Thought<\/h3>\n