This Underused Retirement Strategy Could Boost Your Fixed-Income Payout by 23%
October 15, 2025 by Adam Hardy
As the costs of everyday essentials continue to climb, fewer Americans are finding room in their budgets to save for retirement.
A new study from Goldman Sachs uses that reality as its baseline and offers up several research-backed methods for Americans to stretch their retirement dollars. The report found one underutilized insurance strategy, in particular, could boost retirement income by 23%.
Wink’s Moore on the Market: I was feeling all warm and fuzzy inside because of this educational piece about Single Premium Immediate Annuities (SPIAs).
I should have known better.
“Once you purchase an annuity, the money you receive comes from a series of payments, and you can’t withdraw from the investment as you would with a bank account.”
Not true if you are taking income from your annuity via a Guaranteed Lifetime Withdrawal Benefit (GLWB), penalty-free withdrawals or Required Minimum Distributions (RMDs).
“Some annuity products come with steep fees…”
Most annuities have no fees at all.
“And depending on your contract, payments may stop upon death and aren’t passed down to your loved ones.”
While that is true, it accounts for less than 0.5% of annuity sales. Not sure that is even worth mentioning…
Adam Hardy– next time you and Money Magazine need factual information on annuities, just give me a holler. sjm@intelrockstar.com I am always happy to help with your fact-checking needs. -sjm
