Retirement Income? Annuities Come Up Short
Retirement Income? Annuities Come Up Short
Excerpt:
Turmoil in the stock market. Paltry interest rates at the bank. What are the newly retired to do?
Many are taking a look at buying a fixed annuity instead.
These products let you swap a lump sum for a fixed income for life. They're sold by insurance companies, and have long been considered a safe way to ensure a steady income in retirement.
Comment: Already decided not to go this route.
For the future everyone needs to plan and find ways to save money, but being single presents a few unique prospects and issues to consider.
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