The article offers the author's insights regarding the annuities as a choice for retirees, along with the statement of senior vice president Bob McCommon of Wunderlich Securities regarding the research studies' fin...
Despite the statements about providing an income stream for life, many retirees still wonder if these claims from immediate annuities sellers are too good to be true. How can they be sure that an insurance company, for example, will make good on its promise to send those income payments for...
Annuities are used primarily for retirement income purposes. They can help individuals address the risk of outliving their savings. Key Takeaways Annuities are financial products that offer a guaranteed income stream and are usually bought by retirees. ...
Income annuities are often hailed as the solution to longevity risk — that is, the risk of outliving your money. They allow you to swap out a lump sum of your retirement savings in exchange for a regular stream of income from an insurance company, sort of like a self-funded pension ...
“`Good health’ is the factor often cited by retirees as a top reason for happiness in retirement,” the publication notes. “As you’re considering the `when to retire’ question, you’ll want to find a way to balance your health goals with your financial goals, since money worries can...
If you buy personal finance books and only get a nugget or two out of it, it’s a fair trade. If you are extremely fortunate, you’ll buy a “PF” book that speaks to you in a way no other has before. This can be a life-changing event for you and your fa
Alternatives to annuities are worth a closer look for retireesJeff Salway
Annuities are used primarily for retirement income purposes. They can help individuals address the risk of outliving their savings. Key Takeaways Annuities are financial products that offer a guaranteed income stream and are usually bought by retirees. ...
DODGE THESE RETIREMENT RIP-OFFS: RETIREES ARE BEING LURED BY PONZI SCHEMES, UNSUITABLE ANNUITIES AND OVER-HYPED INVESTMENT RETURNSED AND RUTHANN WOLFE JUST WANTED A SAFE PLACE FOR THEIR RETIREMENT SAVINGS. During his 32 years at the Rubbermaid plant in Wooster, Ohio, Ed had amassed more than ...
Annuities come in many shapes and sizes. And although they can make sense for investors who want a steady flow of income in retirement, they’re not for everyone. The idea of a guarantee can be attractive, but it’s important to consider the associated fees. Because annuity contracts can ...