Phil reviews the various types of income configuration options that can be assigned on the new annuity platform. He presents a case with the option “Withdrawals (Fixed Amount)” to illustrate how it works. The case tests what effects protecting income for a specific expense, in this case a car lease payment, has on taxes paid and plan ending balance to show whether there is any downside to establishing a guarantee vs. relying on market upside. Setting up and configuring annuities currently owned by clients as well as configuring future purchases is also reviewed.