Retire With Purpose: Pairing Annuities With Savings Plans While Supporting Your Community
July 2, 2025
Imagine using your retirement years to live the values-driven life you’ve always dreamed of. Pairing annuities with savings and giving strategies provides the security needed to make this vision a reality.
By making smart financial decisions now, making a lasting impact in your golden years can be your legacy. This article will help you design a retirement rooted in purpose.
Retirement Is About More Than Money
For many retirees, their retirement years are for staying active and giving back. The goal becomes enjoying life while also aligning with core values. Financial stability allows for both.
Leaving the 9-to-5 grind behind creates space to connect with your community and give back. When you spend your days focused on a greater purpose, retirement becomes so much more fulfilling.
How Annuities and Savings Plans Work Together
What is the relationship between annuities and retirement plans? Annuities offer lifetime income, while retirement savings plans provide liquidity.
You can liken annuities to streams. Once established, annuities can provide a steady flow of income to you in the future. Saving plans, meanwhile, are more like planting seeds that will one day bear fruit.
The magic comes from combining both. A mix of annuities and savings plans means retirees can invest in their passions while also covering unforeseen expenses, like a leaky roof.
This kind of financial foundation gives you the freedom to focus on what matters to you most.
Peace of mind comes from knowing you can weather unexpected costs without derailing your monthly support of the local wildlife rescue, for example. But before jumping headfirst into annuities, make sure to understand the pros and cons.
Giving Back While Protecting Your Future
Incorporating annuities into your charitable giving plan is a wonderful way to give back. You can use discretionary income from annuities to support local causes. Some policies even offer charitable riders or donation options.
Giving back to the community has been a central tenet of 1891 Financial Life since our founding. From backing pop-up charity events to matching funds raised, 1891 supports wider community aid with our fraternal model.
Click here to learn more about Hearts and Hands, Join Hands Day, and other ways we strive to help our membership look out for others.
Steps to a Purpose-Filled Retirement Plan
It takes some planning to create a future retirement aligned with your beliefs. First, identify what matters most in your next chapter. Some questions to ask include:
- What kinds of charities are closest to your heart?
- Do you want to volunteer time, make financial contributions, or both?
- Do you want to provide a one-time gift, ongoing contributions, or a legacy gift after you’re gone?
- How much can you realistically give without affecting your lifestyle?
Next, work with a representative to align financial tools with your goals. At 1891 Financial Life, we specialize in providing tailored insurance solutions that cater to diverse needs. Our team is equipped to help you navigate these challenges with expertise and compassion.
Contact us today for personalized assistance, to explore your options, and to learn more about how 1891 membership benefits connect money with mission.
About 1891 Financial Life
Our culture is about looking out — for you, for others, for family, for the community. That is how we go “Beyond Life Insurance.”
At 1891 Financial Life, we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs. In 2023, 1891 Financial Life was listed by Forbes as one of “The World's Best Life Insurance Companies.”
Our portfolio is extensive, ranging from various life insurance policies to our annuities to support your financial needs no matter what stage of life you’re in.