No-load single premium deferred annuities on the RetireOne platform allow RIAs to potentially create lifetime income streams for clients who need to make future income plans. During the accumulation phase, prior to taking income, investors may take advantage of guaranteed minimum interest rates, and tax-deferred growth. Many SPDAs also offer the flexibility to access up to 10% of the total account balance without penalty (though withdrawals prior to age 59½ may incure a 10% penalty from the IRS).
