One of the key advantages of retirement income planning is ensuring a stable and consistent source of income during your post-employment years. By carefully strategizing and diversifying your investments, you can create a reliable stream of funds that will support your desired lifestyle and cover essential expenses such as housing, healthcare, and leisure activities.

Annuities are financial products specifically designed to provide a steady income stream during retirement. There are different types of annuities available in the market, including Single Premium Immediate Annuity (SPIA), fixed annuity, and index annuity. Each type offers unique features and benefits tailored to meet individual needs.