With assistance from a Schwab Annuity Specialist, you select your annuity. A fixed income annuity lets you convert a portion of your retirement savings into a stream of payments to last a set period or for life. Outside of a pension plan, an annuity is the only product that guarantees income1 for the rest of your life. It can help you maintain your standard of living and cover recurring living expenses.
1. The guarantee depends on the claims-paying ability and financial strength of the issuing insurance companies.