When Do Annuity Payments Start?

Are you wondering exactly when your annuity payments will start, or how soon you can turn on a guaranteed lifetime income stream? The answer depends entirely on the specific type of annuity contract you purchase. In this completely unfiltered video, Shawn from The Annuity Expert breaks down the strict IRS and insurance carrier timelines for starting your retirement income. He explains the rigid payout windows for Single Premium Immediate Annuities (SPIAs), which must begin between 30 and 365 days of opening the contract, and Deferred Income Annuities (DIAs), which cannot start until day 366 or later. Because both of these options require "annuitization," you are forced to permanently hand over your money to the insurance company just to get a paycheck. To avoid losing control of your life savings, Shawn reveals a vastly superior and more flexible alternative: purchasing a Tax-Deferred Annuity (like a Fixed Index Annuity) and adding a Guaranteed Lifetime Withdrawal Benefit (GLWB). With a GLWB, you can choose to turn on your lifetime income stream as early as 30 days after purchase, or delay it for 30-plus years into the future. Best of all, you maintain 100% control of your principal, continue earning interest, and guarantee that any unused money passes directly to your beneficiaries. Want an objective, zero-pressure look at exactly when you can start taking income and which strategy maximizes your payout? Read our full timeline guide here: 👉 https://www.annuityexpertadvice.com/what-age-do-annuities-start-paying-out/ 📞 Call our team for free, no-obligation advice to build a flexible retirement income plan at: 770-755-1565 ⏱️ Video Chapters: 0:00 - Intro: When do annuity payments start? 0:18 - SPIA Timeline: Starting income between Day 30 and Day 365 0:45 - DIA Timeline: Starting income on Day 366 or later 1:18 - The Flexible Alternative: Tax-Deferred Annuities with a GLWB 1:50 - Why the GLWB is vastly superior to traditional annuitization 2:54 - How a GLWB lets you start income as early as 30 days 3:21 - Final Verdict: How to get a free, custom quote comparison