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Covering Essentials

The foundation of the Ameriprise Confident Retirement® approach is to cover all essential expenses.

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Reasons to use guaranteed and stable income sources1

  • Provides safety against market volatility and longevity
  • With essential expenses covered, you may be able to invest the remaining portfolio more aggressively
  • Allows more spending early in retirement when you may be more likely to enjoy it
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Social Security income is the foundation to any retirement income plan

Deciding when to claim benefits will have a meaningful and permanent impact on the benefit you receive. Claiming before your Full Retirement Age (FRA) can significantly reduce your benefit and survivor benefits, while delaying increases it.

To determine your full retirement age (as defined by the Social Security Administration), visit www.ssa.gov.

The section below provides generic examples that use only whole ages, which are based on Probability of Income Lasting and withdrawal age.

 4018 Social Security Full Retirement Age Social Security Claiming Age Monthly Social Security Benefit Estimate (FRA)
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Seeking guaranteed income?
An annuity may be the answer.

Here are benefits of an annuity that can help you face your retirement challenges and prepare for a more Confident Retirement.

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Tax deferral

For nonqualified annuities you pay taxes on your earnings. For qualified annuities you generally pay taxes on your distributions. In either case, you don’t pay taxes on your investment earnings until you begin making withdrawals, so the money that would have paid for federal taxes continue to grow tax-deferred with your annuity investments.2

Tax deferral

For nonqualified annuities you pay taxes on your earnings. For qualified annuities you generally pay taxes on your distributions. In either case, you don’t pay taxes on your investment earnings until you begin making withdrawals, so the money that would have paid for federal taxes continue to grow tax-deferred with your annuity investments.2

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Investment options

Choose from a wide range of investment options across many styles and disciplines. You can also invest a portion of your money in a fixed account that provides a guaranteed rate of return.3

Investment options

Choose from a wide range of investment options across many styles and disciplines. You can also invest a portion of your money in a fixed account that provides a guaranteed rate of return.3

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Liquidity

Although annuities are long-term investments, they offer partial access to your assets during the surrender charge period without surrender charges.4

Liquidity

Although annuities are long-term investments, they offer partial access to your assets during the surrender charge period without surrender charges.4

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Guaranteed income

When you’re ready to start using your money, annuities offer a variety of guaranteed income options – even options for lifetime income.

Guaranteed income

When you’re ready to start using your money, annuities offer a variety of guaranteed income options – even options for lifetime income.

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Death benefits

Standard death benefits help protect your investment for your beneficiaries. And you can add optional death benefit features (for an additional fee).5

Death benefits

Standard death benefits help protect your investment for your beneficiaries. And you can add optional death benefit features (for an additional fee).5

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1 Guarantee, as used in this material, depends upon the ability of the issuing entity to honor and pay the amount you may be entitled to. U.S. Gov’t bonds are backed by the full faith and credit of the U.S. government. CDs are FDIC-insured up to $250,000 per depositor. Insurance and annuity products are backed only by the continued claims-paying ability of the issuing company. It is possible that an issuing entity may not be financially able to meet income guarantee obligations. Guarantees are based on the claims-paying ability of the issuing company.
 These guarantees do not apply to the investment in the annuity, which will vary with market conditions.
2 Variable annuities are long-term investment vehicles designed to help you through each stage of retirement — from accumulating assets, to providing income in retirement and leaving any remaining wealth to your heirs. In return for the guarantee they provide, variable annuities carry mortality and expense fees and subaccount management fees. Other fees may include optional rider fees, surrender charges and an annual contact charge. Because annuities are intended for retirement investing, withdrawals made from an annuity before age 59½ may be subject to a 10% IRS tax penalty. If you use an annuity within a retirement plan that is already tax-deferred, such as an IRA, the annuity doesn’t provide any additional tax deferral. Please talk with a tax adviser to learn more about the tax benefits of annuities and how they would apply to you.
3 Investment choices vary by issuer and may be limited based on the combination of features and benefits chosen. There is no guarantee that investment objectives will be satisfied or that 
 return expectations will be met.
4 Waivers vary by issuer and state. Many issuers also offer variable annuities with no surrender charges (for a higher fee).
5 Death benefit features and availability vary by issuer and state.
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