Guaranteed minimum income (GMI) (also called minimum income) is a system of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and either availability for the labor market or a willingness to perform community services. The primary goal of a guaranteed minimum income is to reduce poverty. If citizenship is the only requirement, the system turns into a universal basic income.

Social Security
The United States government guarantees to provide each of us a lifetime income in exchange for at least 10 years or 40 quarters of employment at a Social Security qualified employer.  This work history will also guarantee a lifetime income for our spouse whether they paid into Social Security or not. 

(This is the FICA portion of your withholdings)
Pension Income


A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. The pool of funds is invested on the employee's behalf, and  the  tax-exempt earnings on the investments generate an income benefit to the worker upon retirement.

(If your employer provides a pension this money can guarantee a lifetime pension with many payout options.)



There are many types of annuities available, however, the most important feature of every guaranteed annuity is they can provide a lifetime income for one or two people regardless of how long you live. 

Fixed or Index Annuities all have underlying guarantees including but not limited to lifetime income.

It's estimated that the average rate of inflation is 3% each year.

The best option for  layering income is using tax-deferred bonds or annuities.

Married couples must keep in mind, at some point income will be lost when a spouse dies!

There are a number of prevention technics that can be used to maximize retirement income, reduce taxation and guarantee income increases to offset inflation and to replace income for the survivor or children.