Financial Perspective – Annuities: for guaranteed retirement income
Annuities, available from life insurance companies, offer features that many people are looking for when the time comes to retire. Here’s why.
Retirement is a special time of life. But from a financial perspective, it can also be a time of uncertainty: how can you ensure that your savings will provide enough income for as long as needed?
Some are fortunate enough to have a defined benefit pension plan and don’t need to wonder about this question. For everyone else, though, annuities might offer an interesting answer…