Pensions, Social Security and annuities are the three main financial sources that can provide income in retirement, but a recent study by the Western & Southern Financial Group and LIMRA found that few participants are properly educated about annuities.
Because access to pensions is less common and Social Security faces future funding challenges, Western & Southern’s “ Income Outcomes: Retirement Planning Confidence Study ” argued that there is a need for improved annuity knowledge.
Almost half of individuals surveyed who do not own annuities do not know anything about them, according to the report. A significant majority of all those surveyed […]
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