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Take Control of Your Income
Make your annuity income work for you.
RiverSource® annuities let you choose when and how to access your income*. For example, you may be able to withdraw up to 10% of your prior contract anniversary value each year, or access your accumulated earnings without a withdrawal charge on your variable annuity1.
Use your RiverSource annuity to access1 your income through:
- Systematic withdrawals: Make regular withdrawals.
- Partial withdrawals: Take partial withdrawals as you need them.
- Lump sum withdrawal: Take your payout all at once.
*Withdrawals will cause a reduction of the contract's cash value and death benefits.
1 A 10% IRS penalty may apply to withdrawals made prior to age 59 ½. Earnings from a non-qualified annuity are taxed as ordinary income, not capital gains, when distributed. Any distribution from a qualified annuity is taxed as ordinary income when distributed.
RiverSource Distributors, Inc. (Distributor), Member FINRA. Insurance and annuity products are issued by RiverSource Life Insurance Company and in New York, by RiverSource Life Insurance Co. of New York, Albany, New York. Only RiverSource Life Insurance Co. of New York is authorized to sell insurance and annuities in New York.