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Annuities and the modern retirement

In today鈥檚 economic climate, many Americans are rethinking how they prepare for the future. Amid market volatility, rising living costs, and fears of outliving retirement savings, it's increasingly important to reassess savings strategies and enhance overall retirement preparedness. In fact, 65% of individuals say the current economy has caused them to reconsider their retirement savings, according to a survey conducted by Harris Poll on behalf of 黑料社区.

For modern retirees, the need for reliable income sources is more important than ever 鈥� making annuities a valuable tool for helping to fill income gaps and create a stream of guaranteed income when retirement arrives. 

Retirement confidence and annuity awareness 

When asked about their confidence in their retirement savings and their familiarity with annuity solutions, survey respondents shared many common interests and experiences. 

Why annuities matter 

As people live longer, the risk of outliving retirement savings grows 鈥� making guaranteed income solutions like annuities an increasingly valuable addition to a retirement income plan. An annuity can help those preparing for retirement balance their desire to both preserve and grow their future retirement income, while helping manage market volatility and risk.

By adding an annuity to a retirement savings strategy, you can help gain:

• Stability in retirement: When you leave the workforce, your regular paycheck will likely end too. Aside from receiving income from Social Security or pensions, what other guaranteed sources can you count on? Annuities can provide a guaranteed income stream, which can be a lifeline during a lengthy retirement or volatile economic conditions. 
• Tax-deferred growth: With an annuity, your money can grow tax-deferred, meaning you won鈥檛 pay taxes on earnings until you take withdrawals.
• Downside protection: Part of preparing for retirement includes protecting the savings you鈥檝e worked hard to build, so you have the income you need to help cover your needs and support the lifestyle you鈥檝e envisioned. An annuity can provide a level of protection to help manage market risk, helping preserve a portion of your retirement savings during periods of market volatility.

How annuities can help you achieve your retirement dreams

Achieving the retirement you鈥檝e always dreamed of requires more than just saving, it means having a strategy that helps turn those savings into steady, dependable income. Whether retirement is years away or right around the corner, adding an annuity to your income strategy can protect a portion of your savings from retirement risks, like inflation and volatile markets, while providing guaranteed income that can help you feel more financially confident in retirement. 

To help find a product that鈥檚 right for you, meeting with a financial professional can guide you toward the solutions that meet the demands of modern retirement and helps bring your vision for the future into focus.

Want the most from your retirement? Get smarter with Smart Strategies from 黑料社区. Your source for tips, tools and financial solutions that can help you live your best life.

¹黑料社区 contracted Harris Poll to survey 2,087 adults aged 18+. The survey was conducted between July 8 and 10, 2025.