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Jenkins Insurance & Retirement is a private insurance practice not affiliated with or endorsed by the U.S. government or the federal Medicare program.

Jordan Jenkins · Independent Advisor · WY & UT

Will Your Savings Last?

50% of 65-year-olds today will live past 85. Medicare covers your healthcare — but only you can ensure your money lasts as long as you do. A lifetime income strategy changes everything.

(435) 538-3474
50% of retirees outlive their savings estimate

The Retirement Gap

Social Security Was Never Meant to Be Enough

On average, Social Security replaces only 40% of pre-retirement income. A $60,000/year lifestyle in retirement needs $3,500–$5,000/month from all sources combined. An income annuity can bridge that gap with a monthly check designed to last as long as you live — no matter what the market does.

Average Social Security benefit

~$1,900/mo

For a worker claiming at full retirement age

Typical retirement budget

$3,500–$5,000/mo

Varies by lifestyle and location

What an annuity can add

$800–$1,500+/mo

From $150K–$250K invested at current rates

Lifetime Income Options

Three Ways to Create Income Designed to Last a Lifetime

Safety & Preservation

Fixed Annuity

A fixed annuity earns a declared interest rate locked in by contract — no market exposure, no surprises. Think of it as a CD with better rates and tax deferral. Ideal for retirees who want safety and a predictable accumulation period before turning on income.

  • Locked-in fixed rate (currently 4–6%)
  • Zero stock market risk
  • Tax-deferred growth
  • 10% penalty-free withdrawals annually
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Growth + Downside Protection

Fixed Indexed Annuity

A fixed indexed annuity (FIA) links your interest to a market index like the S&P 500 — giving you upside potential while protecting your principal from market declines. Most FIAs also include optional income riders.

  • Interest linked to index performance
  • Principal 100% protected from market losses
  • Optional lifetime income rider
  • Tax-deferred accumulation
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Lifetime Income

Income Annuity (SPIA)

A Single Premium Immediate Annuity (SPIA) converts a lump sum into a monthly check for the rest of your life — like creating your own private pension. Simple, predictable, and unbeatable for pure longevity protection.

  • Monthly income begins within 30 days
  • Pays for life (or joint life)
  • Higher payout than any savings account
  • Option to include inflation adjustment
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Why It Matters

One Conversation With the Right Advisor Can Change Your Retirement

Independent means unbiased

Captive agents only sell their employer's products. Jordan compares annuity designs from 10 carriers — finding the one that actually pays the most for your age, health, and situation.

Annuity + Medicare coordination

Annuity income can trigger IRMAA — the Medicare Part B and D income surcharge. Jordan coordinates your retirement income strategy with your Medicare enrollment to avoid this costly surprise.

No advisory fee — ever

Jordan is paid by the carrier when you purchase a product. You pay no advisory fee. The payout rates he can access are identical to what you'd get going direct — you just also get his expertise.

Comparison shopping pays off

Payout rates vary significantly between carriers for identical products. A quick comparison can mean $50–$200 more per month — for the rest of your life. Jordan does that comparison for you in minutes.

Common Questions

Honest Answers About Annuities

Annuities work across a wide age range. Fixed and indexed annuities are often used in an accumulation phase starting at age 50. Income annuities are most efficient between ages 65–75, when monthly payouts are highest relative to the premium paid. Jordan will tell you honestly if now is the right time — or if waiting would serve you better.
Most annuities start at $10,000–$25,000. Income annuities are typically most meaningful at $50,000 and above. How much monthly income a given premium produces depends on your age, current rates, and the payout options you choose — we can run your exact numbers with no obligation. Many retirees convert a portion of savings to lifetime income and keep the rest liquid and invested. There's no rule that says you have to annuitize everything.
It depends on the type. Fixed and indexed annuities have surrender periods — typically 3–10 years — during which early withdrawals above the free corridor may incur charges. However, most allow 10% penalty-free withdrawals per year. Income annuities convert your lump sum to monthly payments, so that money is no longer accessible as a lump sum. Jordan explains every liquidity term in plain language before any recommendation — no fine-print surprises.
Annuity income is included in your MAGI (modified adjusted gross income). If your MAGI exceeds certain thresholds ($103,000 single / $206,000 joint for 2024), Medicare charges IRMAA surcharges on your Part B and Part D premiums — up to several hundred dollars extra per month. Jordan plans around this proactively, often structuring income to stay below IRMAA brackets while still meeting your income goals.

Planning your retirement income is often paired with making sure your family isn't left with final expenses to cover — see our Final Expense Insurance guide.

Content reviewed against 2026 plan-year figures. Dollar amounts change annually — we'll confirm the current numbers in your consultation.

Free · No Pressure · No Cost

Your Free Retirement Income Review

Thirty minutes with Jordan. He'll look at your Social Security estimate, current savings, and monthly budget — then show you exactly what a lifetime income strategy could look like for your situation. No products pushed until you're completely comfortable.

(435) 538-3474