Joint and Survivor Annuity in Cary & Raleigh NC Protect Your Spouse’s Retirement Income
Joint and Survivor Annuity in Cary & Raleigh NC Protect Your Spouse’s Retirement Income
Cary and Raleigh are filled with families and professionals who’ve built successful careers and are now focused on protecting what they’ve earned. One of the smartest ways to safeguard your retirement income as a couple is through a Joint and Survivor Annuity.
This type of plan ensures your income continues for both lives — not just one. Whether you’re five years from retirement or already transitioning out of work, it’s a cornerstone for couples who want dependable, predictable income for life.
What a Joint and Survivor Annuity Does
A Joint and Survivor Annuity provides guaranteed monthly income for two people. If one spouse passes away, the survivor keeps receiving payments based on the percentage you select (100%, 75%, or 50%).
Example: A Cary couple invests a portion of their IRA and chooses a 100% survivor option. Their $4,200 monthly income continues in full for the lifetime of the surviving spouse — no market risk, no interruption.
Why Cary & Raleigh Couples Choose It
- Income security: Protects both partners against outliving savings.
- Confidence: You’ll always know exactly what’s coming in each month.
- Stability after loss: Helps offset the drop in Social Security or pension benefits.
- Flexible structure: Fixed or indexed annuities available, depending on your comfort with risk.
- Tax efficiency: Growth inside the annuity is tax-deferred until income begins.
Designed for Raleigh’s Modern Retirees
Many Cary and Raleigh couples are high-achieving professionals — engineers, physicians, small-business owners — who’ve worked hard to build wealth. But they also understand markets can fluctuate and that longevity risk is real. A Joint and Survivor Annuity helps transform a portion of assets into a reliable income stream that supports both spouses for life.
Flexible Options to Match Your Plan
- Fixed Annuity: Guaranteed income, simple and predictable.
- Fixed Indexed Annuity: Potential for interest credits tied to market performance, but principal remains protected.
- Immediate or Deferred: Start payments now or later, depending on your retirement date.
Answers to Common Questions
When should we buy a joint annuity?
Many couples purchase one as they enter their 60s or when rolling over a 401(k). But it can fit anytime you want to lock in guaranteed income for both lives.
What’s the right survivor percentage?
If both partners depend equally on the income, 100% is safest. If the survivor will have other income sources, 75% or 50% can increase your initial monthly benefit.
Can annuity income adjust for inflation?
Yes, some plans include COLA (cost-of-living adjustments) or growth riders that gradually increase income to maintain purchasing power.
Why Work With a Fiduciary Advisor
At Mintco Financial, we’re independent fiduciary advisors serving Raleigh, Cary, and clients nationwide. We work for you — not an insurance company. Our goal is to compare leading annuity providers and help you build a strategy that aligns with your lifestyle, taxes, and estate plan.
Whether you prefer face-to-face meetings or secure virtual consultations, our fiduciary team explains your options clearly and transparently.
💡 Your retirement income shouldn’t stop when one of you does.
Let’s design a joint income plan that fits your goals and lifestyle. We serve Cary, Raleigh, and the entire state of North Carolina — virtually or in person.
Final Thoughts
Retirement planning in the Research Triangle is about more than growth — it’s about consistency. A Joint and Survivor Annuity provides a foundation of guaranteed income that helps protect your spouse, your lifestyle, and your peace of mind.
Connect with Mintco Financial today to see how a fiduciary advisor can help you compare annuity options and design a lifetime income strategy built around your family’s future.