Life expectancy has risen in the last 4 decades—and with the expectation that Americans will be living longer , building and protecting your retirement savings is more important than ever.
That’s why you should take a (skeptical) look at products like annuities. These are insurance products that provide a safety net during retirement . Annuities promise a guaranteed income stream for however long a person elects coverage, or until they die. These plans can be owned by individuals or with spouses, and some offer the option of electing beneficiaries. But they can be extremely complicated to understand.
“Here’s the problem with […]
Full Post at time.com