Investment Needs
Retirement Income
Retirement Income
Convert your clients’ retirement investment into reliable, guaranteed lifetime income streams with our single premium immediate annuity, Nationwide Advisory Income® or our variable annuity, Nationwide Advisory Retirement Income Annuity®. Help your clients be prepared to live the lifestyle they want in retirement.
Variable annuities are long-term, tax-deferred investments investors buy from an insurance company to help them save for retirement. They are called “variable” because their value fluctuates based on the performance of the underlying investment options chosen. Some variable annuities offer optional living and death benefits for an additional fee. There are some limitations that may not be right for all investors, including that withdrawals are subject to income tax and those taken before age 59½ may be subject to a 10% early withdrawal federal tax penalty. Keep in mind that all guarantees and protections are subject to the claims paying ability of Nationwide Life Insurance Company. We also need to add that all guarantees and protections are subject to the claims paying ability of Nationwide Life Insurance Company.
We have a solution to manage the many risks of retirement – from outliving retirement savings to bridging the gap between retirement and taking Social Security payments. Take control of retirement income.
The average 65-year-old couple has a 52% chance that at least one of them will live to be age 951. It's important to think about how to fund those extra years. A fee-based Single Premium Immediate Annuity, like Nationwide Advisory Income℠, that provides guaranteed income payments to match your needs may be the solution. A guaranteed payment can remove the worry of meeting your obligations, or ease anxiety over living the lifestyle you want in retirement.
1Based on the Annuity 2012 Generational Mortality Table, Society of Actuaries
Douglas and Robin
Douglas and Robin have been married for 39 years and have recently retired to spend time with their grandchildren. As part of their comprehensive financial plan, their advisor recommended they add Nationwide Advisory Income℠, a Single Premium Immediate Annuity, to their portfolio of investments upon retirement. Nationwide Advisory Income℠ provides Doug and Robin the peace of mind through guaranteed, fixed payments each quarter, helping ensure the lifestyle they have planned for their golden years. This guaranteed payment could be especially important when one of them passes away. By selecting the Joint and 100% Last Survivor payout option, the remaining spouse will continue receiving 100% of the quarterly payment until their own death.
For clients nearing retirement, a little certainty can go a long way.
To help provide a level of certainty for pre-retirees, our Nationwide Advisory Retirement Income AnnuitySM (NARIA)SM features Nationwide L.incSM Advisory, a Guaranteed Lifetime Withdrawal Benefit, available for an additional cost1. A guaranteed increase of 7% simple interest roll-up rate2 may help clients accumulate more for their retirement income, which they can then actualize at a specified withdrawal percentage based on their age. Using NARIA with Nationwide L.inc Advisory can help your clients maximize their retirement income while minimizing the impact of short-term market conditions.
1Nationwide L.inc Advisory has additional fees assessed annually of 1.20% (1.50% for joint option).
2Rollup occurs on the benefit base for 10 years or until the first lifetime withdrawal, whichever comes first.
Greg
Greg, age 61, is looking forward to retiring from his job as a distribution center manager within the next 4-7 years. Like most pre-retirees, he understands that short-term market volatility can have long-term implications when it’s time to begin taking retirement income. Meeting with his advisor, they reviewed his Social Security and pension plan. They concluded that once Greg retires, he’ll need additional funds to cover essential expenses while having some discretionary income.
Based on Greg’s goals, he and his advisor determine the Nationwide Advisory Retirement Income AnnuitySM (NARIA)SM with Nationwide L.incSM Advisory, a Guaranteed Lifetime Withdrawal Benefit, may help satisfy his guaranteed income needs. With an annual 7% simple interest roll-up2, Greg is guaranteed an increase in his potential retirement income each year he remains invested in the annuity, regardless of market conditions. When Greg is ready to take income at his target retirement age range, he can convert the annuity’s benefit base into guaranteed payments for the rest of his life.
Using NARIA with L.inc Advisory, Greg can now invest for the short-term and know that his retirement income will be there when he’s ready to take it.
1
Rollup occurs on the benefit base for 10 years or until the first lifetime withdrawal, whichever comes first.
Capturing market upside—and protecting against the downside—can help provide clients with a greater retirement income stream.
To help clients solve their retirement income challenges, our Nationwide Advisory Retirement Income Annuity® features Nationwide Pro 4SM Income Rider1, a Guaranteed Lifetime Withdrawal Benefit. Allowing for market participation, benefit base protection from volatility, and the potential to lock in a higher benefit each year, Nationwide Pro 4SM Income Rider can help your clients feel confident that they’re making the decisions to help them achieve their long-term income goals.
1Nationwide Pro 4 is available for an additional cost of 0.45% (0.60% for joint option).
Diane
Diane (57) has spent her entire career as a nurse practitioner and plans to retire in the next 10 years. A diligent saver, Diane has been able to invest a significant portion of her income for growth and plans to utilize her savings to postpone Social Security income until age 70. Diane believes the market will continue to perform well in the long term, but she wants to ensure that her retirement income will be there when she needs it.
While working with her financial professional to develop a strategy for the next decade, she learned about Nationwide Advisory Retirement Income Annuity® (NARIA®), a fee-based variable annuity with Nationwide Pro 4SM Income Rider1, a Guaranteed Lifetime Withdrawal Benefit, designed to help protect her potential retirement income when the market is down and grow it when the market is up2.
Through the election of Nationwide Pro 4SM Income Rider, Diane can lock in retirement income growth each year on her benefit base and protect that amount from market downside. When she decides to retire, Diane can use Nationwide Pro 4's guaranteed withdrawals to help ensure her income needs are met.
1
Nationwide Pro 4 is available for an additional cost of 0.45% (0.60% for joint option).
2
An annual step-up feature on your income benefit base is available if contract value is higher than benefit base on contract anniversary (please keep in mind that early, excess and non-lifetime withdrawals may reduce or terminate the income benefit base; certain restrictions and limitations may apply).
Maximizing your Social Security income benefit by waiting until full retirement age increases your monthly income – potentially as much as 76%1. But what if you were planning to retire at 62 or even 65?
A fee-based Single Premium Immediate Annuity can deliver a guaranteed income stream - allowing you to fill an income gap while delaying and growing your Social Security benefit.
1Nationwide as of May 2016. Based on an individual with full retirement age of 66, comparing early filing at age 62 and receiving reduced benefits of 75% of primary insurance amount versus delayed filing at age 70 and receiving credits to increase benefits by 32% of primary insurance amount. This increase does not include any COLA increase that may be added to the Social Security benefits.
Jill
At 62 years old, Jill is ready to retire after years of service at a local accounting firm. Although she has been a diligent saver during her career, she is still apprehensive of spending her retirement too quickly. She is especially concerned about her monthly income and plans to wait until the age of 72 to begin receiving benefits to maximize her Social Security income. While delaying her Social Security benefits will provide her more monthly income at age 72 and beyond, she needs to manage her income closely for the next 10 years. To address her concern, her advisor recommends investing a portion of her savings in a fee-based Single Premium Immediate Annuity like Nationwide Advisory Income℠. She can select a Single Term-Certain payout option that will allow her to receive fixed monthly payments for the next 10 years. This makes Jill feel much more comfortable about meeting her monthly obligations all while enjoying the first decade of her retirement.
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