Guaranteed Minimum Withdrawal Benefit (GMWB)

Guaranteed Minimum Withdrawal Benefit (GMWB)

This video introduces GMWB riders as a retirement planning tool, outlining key steps to understand, compare, and evaluate their benefits for guaranteed income with reduced market risk.
Video Transcript
GMWB Riders: Getting Started A GMWB rider is an optional add-on to a variable or fixed-index annuity that provides a guaranteed minimum withdrawal benefit, providing a steady stream of income regardless of market activity. Step 1: Understand Your Retirement Needs Step 2: Research Different Types of GMWB Riders Step 3: Compare Fees & Costs Step 4: Understand Withdrawal Restrictions Step 5: Consider Your Investment Timeline Step 6: Consult with a Financial Professional With these steps complete, you're prepared to explore the benefits of a GMWB rider. GMWB riders can be a valuable tool for retirement income planning, especially for those who want to minimize market risk.