Retirees need to know how to generate enough income to maintain their lifestyles without exposing their assets to too much risk. Social Security is a key source of steady cash, and some retirees also have traditional defined-benefit pensions, an increasingly rare type of plan that pays out like clockwork.
Here are 10 other ways for retirees to obtain reliable income while keeping risk in check. 1. Immediate Fixed Annuities
If you want income with the predictability of Social Security or a pension, you might go to an insurance company and buy an immediate fixed annuity. This is a contract […]
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