More and more members of the financial establishment are discovering income annuities and their benefits.
Consumer Reports wrote an article late last month about the “The New Rules of Retirement Planning.” In that article, they offered a quiz to have readers find out what they really knew about retirement planning. The quiz – which I recommend to my followers – contains three questions about income annuities. I thought they did a good job of explaining what income annuities are and how they operate.
As the quiz stated in one of its answers, income annuities are the closest you can get to a company pension, which guarantees you a check every month for the rest of your life. More