Clarity includes the fine print.
Understand what your educational estimate can and cannot tell you.
How the Snapshot works
Monthly income gap equals the greater of zero and your monthly income goal minus Social Security, pension, and existing annuity payments available at your selected start. Annual inputs are divided by twelve. Amounts are before tax and in today’s dollars. Unknown amounts remain unknown. Later-starting income is excluded from the starting estimate and identified separately.
Limits of the estimate
The Snapshot does not model taxes, future inflation, investment returns, longevity, healthcare costs, survivor changes, fees, or changes in income over time. Annual gap divided by assets is an arithmetic comparison, not a recommended or sustainable withdrawal rate. A zero gap does not establish that your overall retirement plan is sufficient.
Insurance guarantees
Annuity guarantees are subject to the issuing insurer’s claims-paying ability. Annuities are insurance products, not bank deposits, and are not FDIC insured. Features and availability vary by contract, insurer, and state.
Access and costs
Surrender charges, withdrawal restrictions, rider costs, and other contract provisions may apply. Not every annuity protects against investment loss. Review the specific contract and maintain an appropriate accessible reserve.
Tax and product decisions
Tax deferral is not tax-free income. Withdrawals may have tax consequences or penalties. Consult qualified tax and legal professionals about your circumstances. No Snapshot result certifies eligibility, selects a product, quotes a current rate, or establishes suitability.
Provider and states
Providence Capital and Mike Dyal, MBA, FIC receive requests submitted here. Published insurance service states are WA, OR, ID, NV, UT, WI, AZ, NM and GA. Availability varies by service and product.