Regarding retirement planning, an annuity can feel like a comforting safety net . You trade a chunk of your savings – say $250,000 – for a steady income stream, often for the rest of your life. But how much bang for your buck are you getting? Let’s break it down.
Why Buy an Annuity in the First Place?
Annuities are for people who like the idea of guaranteed income. Think of it as creating your pension. You hand over a pile of money to an insurance company and they promise to pay you back in regular installments. It’s a […]
Full Post at www.benzinga.com