Create an Income Stream Tailored For You, By You

Allen and Jim had been close friends for years, sharing everything from morning coffee, to pickleball games on the beach. As they entered retirement, they found themselves facing many of the same questions about their financial future. Allen had recently retired after a long career, while Jim had stepped away from work earlier than planned and was looking to make the most of this next chapter.

One Sunday, after a game of pickleball, Allen shared that he was worried his retirement savings might not last. Jim mentioned he had concerns of his own, so he suggested they meet with his Financial Professional, Peter.

During their conversation with Peter, Jim expressed that he needs income to help bridge the gap until he becomes eligible for Social Security. He hoped to stay active by traveling and trying new hobbies without worrying about his finances. Allen, on the other hand, wanted the reassurance of knowing his savings could provide dependable income for years to come and assist with everyday expenses healthcare costs, and unexpected needs.

Peter recommended Nationwide's Variable Annuity with an income rider that allows clients to choose between Level Income payments or Accelerated Income payments. For Jim, Peter suggested the Accelerated Lifetime Income stream option. This would offer Jim higher payments upfront, enabling him to pursue his retirement interests without immediate financial worries. For Allen, Peter suggested a Level Income Stream. This option would provide him with a steady, predictable income each year, allowing him to enjoy his retirement years, no matter what lies ahead.

As they left Peter's office, both Allen and Jim felt a sense of relief and excitement. Each left with a strategy designed around their own goals and objectives knowing that they both can continue to enjoy their retirement, with their financial concerns now addressed.

A Clear Course Ahead