Living longer is no longer just a possibility—it’s a planning reality. With many individuals now living into their 90s and beyond, how can you prepare for a retirement that could last decades?

KEY TAKEAWAYS

Retirement is longer—your income plan should be, too.
Guaranteed income may help manage longevity and market risk.
Cover essentials first to create flexibility for the rest.

As advances in health care, lifestyle, and medical innovation continue to expand life expectancy, retirement planning requires a shift in mindset—from building assets to creating a dependable income stream designed to support you over time.

The Longevity Shift

Longer lifespans are changing how we think about retirement: Life expectancy continues to rise, increasing the likelihood of 25-35 years in retirement
A 65-year-old couple today has a significant chance that at least one spouse will live past age 90
Longer lifespans amplify exposure to key risks:

o Longevity risk: The possibility of outliving accumulated savings

o Market risk: Downturns early in retirement can materially reduce portfolio sustainability

o Withdrawal risk: Fixed withdrawal strategies may not adapt to changing conditions

Without a structured income strategy, retirees may face difficult decisions regarding spending and financial security.

Shifting to Income Planning for Longevity

Retirement today is not just about how much you’ve saved—it’s about how you turn those savings into income.

Guaranteed income plays a critical role in this process. Common sources such as Social Security, pensions, and annuities can provide steady cash flow regardless of market conditions or lifespan, helping cover essential expenses like housing, health care, and daily living costs.

Annuities are uniquely positioned to address longevity risk by converting a portion of assets into a predictable, guaranteed income stream. They are often considered as pension replacements.

Key benefits include:

Provide lifetime income that continues as long as you (or both spouses) live
Help transfer longevity and certain market risks to the insurance carrier
Offer income stability that is not directly impacted by market fluctuations
Allow for tax-deferred growth
Provide flexibility through options for joint coverage guaranteed periods, and inflation

Used thoughtfully, annuities can help secure a portion of retirement income while maintaining flexibility elsewhere in your portfolio.

Building an Income Plan for 100

A structured approach to income planning can help balance stability and flexibility:

1. Cover Essential Expenses

Allocate predictable income sources—Social Security, pensions, and annuities—to meet non-discretionary spending needs.

2. Reduce Sequence Risk

By relying less on portfolio withdrawals during market downturns, annuity income may help preserve invested assets and improve long-term sustainability.

3. Support Portfolio Flexibility

With essential expenses covered, remaining assets can be invested for growth, income, or legacy objectives without pressure to generate immediate cash flow.

Explore how a structured income plan could support your retirement goals by connecting with your Financial Advisor today.

Working With Janney

Depending on your financial needs and personal preferences, you may opt to engage in a brokerage relationship, an advisory relationship or a combination of both. Each time you open an account, we will make recommendations on which type of relationship is in your best interest based on the information you provide when you complete or update your client profile.

If you engage in a brokerage relationship, you will buy and sell securities on a transaction basis and pay a commission for these services. Our recommendations for the purchase and sale of securities will be based on what is in your best interest and reflect reasonably available alternatives at that time.

If you engage in an advisory relationship, you will pay an asset-based fee, which encompasses, among other things, a defined investment strategy, ongoing monitoring, and performance reporting. Your Financial Advisor will serve in a fiduciary capacity for your advisory relationships.

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

By establishing a relationship with us, we can build a tailored financial plan and make recommendations about solutions that are aligned with your best interest and unique needs, goals, and preferences.

Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

Annuities involve fees, expenses, and potential limitations, including surrender charges and liquidity constraints. Guarantees are subject to the claims-paying ability of the issuing insurance company. They may not be suitable for all investors.

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