Retirement Annuity Planning in Massachusetts

Retirement income planning is fundamentally different from accumulation. You spent decades building wealth — the question now is how to turn that wealth into a reliable income stream that lasts the rest of your life. Annuities are one of the few financial products that can guarantee lifetime income.

Wilson Advisory Group works with Massachusetts retirees and pre-retirees to evaluate annuity strategies. We’re an independent broker, which means we compare products across multiple insurance carriers and recommend what fits your retirement income goals — not what pays the highest commission.

When Annuities Make Sense

Annuities aren’t right for everyone, and they aren’t a replacement for a diversified retirement portfolio. They’re a specific tool for a specific job: converting a portion of retirement assets into guaranteed lifetime income, removing the risk of running out of money.

Most retirees we work with use annuities to cover essential expenses — housing, food, healthcare, basic living — so those bills are guaranteed to be paid regardless of market performance. The rest of the portfolio stays invested for growth and discretionary spending.

Fixed Annuities

Fixed annuities pay a guaranteed interest rate for a set period, similar to a CD but with tax-deferred growth. They’re a low-volatility option for retirement assets you want to grow conservatively before converting to income.

Indexed Annuities

Fixed indexed annuities credit interest based on a market index (such as the S&P 500), but with a guarantee that you’ll never lose principal due to market declines. They offer growth potential with downside protection, plus optional income riders that can guarantee future lifetime income.

Immediate Income Annuities

Immediate annuities — sometimes called single premium immediate annuities — take a lump sum and convert it into guaranteed monthly income that starts right away and continues for life, or for a guaranteed period. They’re the simplest, most direct way to create a pension-like income stream from retirement savings.

Get a Retirement Income Review

Annuities are long-term contracts and require careful consideration. We walk through how an annuity could fit alongside Social Security, any pensions, and your investment portfolio. Call 781-357-7573 or book a free, no-pressure consultation online.