I have thought and written extensively about the benefits, costs, and risks of immediate and variable annuities for retirement. Now even the White House is suggesting that more boomers consider using annuities to provide lifetime retirement income. Read more
Life annuities for retirement income, particularly fixed immediate annuities, continue to intrigue me. Every day it seems that one or members of the insurance industry comes out with a new and different annuity product for baby boomers to consider.
My preference is to learn as much about investment and income products on my own, without facing pressure applied by people trying to sell me something. I have nothing against folks who sell annuities in general. I just feel that I can make a better decision about relative costs and benefits associated with financial products if I gather many of the facts on my own. Read more