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Start enjoying retirement with a SPIA.
Start enjoying retirement with a SPIA.
Video Duration: 1 minute 25 seconds
Saving for retirement: Elapsed time 0 seconds [00:00]
You did the smart thing by putting away money all your life. But, now that you're nearing retirement, you may be wondering how to make the best use of your hard-earned cash.
SPIA and how it works: Elapsed time 10 seconds [00:10]
Whether you're getting ready to retire or already enjoying retirement, a USAA single premium immediate annuity – or SPIA – may be the right choice for you.
A USAA SPIA works like a paycheck. You pay in a lump sum and in return you get a series of guaranteed payments for life, for a set period or both.
Who benefits from SPIA?: Elapsed time 32 seconds [00:32]
No matter how long you live, you can receive income to support you and your loved ones. After you're gone, remaining payments, if any, will pass down to your beneficiaries.
A USAA SPIA can add to other retirement income such as Social Security or pensions. You can spend on what you want when you want. It can be an efficient way to generate income, and, with USAA's competitive rates, you can make the most of your hard-earned retirement savings.
SPIA is an insurance product: Elapsed time 1 minute 2 seconds [01:02]
Since a USAA SPIA is an insurance product and not an investment, you don't have to worry about losing your money or taking portfolio withdrawals during market downturns.
Speak to a specialist today: Elapsed time 1 minute 12 seconds [01:12]
Start living your best retirement with a USAA SPIA. To get advice you can count on speak to a USAA Retirement Income Specialist today.
End: Elapsed time 1 minute 25 seconds [01:25]
Find out if an immediate annuity fits in your retirement plan.
We know buying an annuity is a big financial step. Read more about how immediate annuities can help you get a reliable retirement paycheck. See note 1
See how much guaranteed income you can get with a SPIA.
Just enter in the calculator your starting amount or the monthly income you’ll need, and how long you want the payments to last. We'll show you the guaranteed monthly income you can expect from a SPIA.