Transamerica offers increased flexibility to Baby Boomers and Generation X in planning for retirement
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"We know that Baby Boomers and Generation X are looking to fill the income gap between
"People's longer life spans have increased the need for careful retirement income planning," Boan continued. "That's why we made sure this living benefit allows investment flexibility because more years in retirement mean that some people would like to stay invested in stocks longer to allow for potential growth.
With the Transamerica Income Edge(SM) living benefit, if investors wait five years after investing to begin taking lifetime income, they will automatically receive a 1% increase on their withdrawal percentage. If investors purchase this living benefit prior to age 65, they will automatically receive an additional 1% increase on their withdrawal percentage if they don't begin taking income until age 65 to 79, or an additional 2% increase on their withdrawal percentage if they don't begin taking income until age 80 or later. The Transamerica Income Edge(SM) living benefit is available with a
To learn more about Transamerica Income Edge(SM), visit www.transamerica.com/individual/products/annuities/annuities-benefits/living-benefits/transamerica-income-edge.
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