There is confusion on the internet, and even in the financial industry, about the value of annuities. Some of the dissonance occurs because there are several types of annuities and it can be confusing to decide how some of them might apply to an individual’s retirement situation.
But if we concentrate on income annuities, either immediate or deferred, we will see that more institutions – and smart people – are talking about their benefits.
They are beneficial to people who have saved a decent amount for retirement and are trying to figure out how to create guaranteed income for life, as opposed to hoping their retirement savings, invested in stocks and bonds, last as long as they do. More