Be Creative with Vanguard Lifetime Income Program

The Vanguard Lifetime Income Program lets you create an income stream to fit your individual needs. You can:

* Guarantee yourself an income for life, for a specific number of years, and/or for life with a guaranteed return of premium.

* Choose an income stream that takes advantage of the markets’ ups and downs—or protects you from them.

* Provide an income for your spouse or others.

As you consider the Vanguard Lifetime Income Program, think about what kind of income stream will work best for you. Just as no two people have the same financial needs, no two annuities will be exactly alike.

Make sure you understand what an income annuity can—and can’t—do. For example, the income payments may not necessarily keep up with inflation. Or you could die soon after payments begin. Also, you generally can’t change or stop the payments once they’ve begun. And once you commit, you can’t get your money refunded except in certain limited circumstances.

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