Credit: Image: PeopleImages.com – Yuri A (Shutterstock) When it comes to planning your retirement, some experts will be sure to recommend an annuity, while others will strongly advise against . An annuity is designed to provide guaranteed income for life (pro) in exchange for significant lump sum payment (con). Annuities can provide a reliable income stream in retirement, but if you die too soon, you may not get your money’s worth. Compared to other tax-advantaged saving vehicles, an annuity isn’t as simple as " Start saving ASAP! " What is the best age to buy an annuity?
Determining the […]
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