The biggest challenge that retirees face when they set aside money for later in life is figuring out how to make their savings last as long as they need to. With life expectancies making it likely that those who reach retirement age will have 20 to 30 years of living expenses to cover after they leave their careers, the threat of running out of money is a very real one.
There’s a financial product that directly addresses these concerns by providing guaranteed income later in your retirement years. Known as longevity insurance or deferred income annuities, these products are designed […]
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