No matter what age you are, it’s never too soon—or too late—to get serious about saving for retirement.
However, it can be hard to know how much to save if you don’t know how much annual income you’ll need when you retire.
Thanks to Income America™ 5ForLife, you can have retirement income you can count on. With Income America 5ForLife, you’re guaranteed a retirement income of 5% of your income base per year, starting at age 65, for the rest of your life.1 That means your retirement income will be predictable, despite any potential market fluctuations.
1 If the joint option is elected, the participant’s payout will be lower than 5%, depending on their age and their spouse’s age.
Take advantage of market growth without the risks
As you’re working and contributing to Income America 5ForLife through your employer’s retirement plan, you’ll be able to take advantage of any market growth.
Even if there’s a dip in the market, your income base is protected. And thanks to the annual step-up feature, every year on your birthday, your income base can re-set, stepping up to lock in any gains. When you retire at age 65 or older, you’ll receive 5% of your income base every year for the rest of your life.2
2 The market value of your account is never guaranteed and fluctuates based on investment performance. To receive the guaranteed income, you must stay invested in Income America 5ForLife. If you withdraw more than the guaranteed income in any year, your income base and future guaranteed annual income amount will decrease. Guarantees are subject to the claims-paying ability of the issuing companies.
See how your contributions impact your retirement income
Income America 5ForLife offers powerful protection against market uncertainty.
For example, if you contribute $200,000 to Income America 5ForLife, yet it’s only worth $180,000 when you reach age 65, you’ll still receive your 5% retirement income based on your $200,000 contribution—which would be $10,000 per year.
However, if you contribute $200,000 to Income America 5ForLife and it’s worth $220,000 when you reach age 65, you’ll receive your 5% retirement income based on the $220,000—which would be $11,000 per year.
When you die, the remaining market value of your Income America 5ForLife investment is paid out to your designated beneficiaries.
