There is a lot of money invested in variable annuities right now, close to $140 billion actually. But there are quite a few variable annuity haters out there as well. Since variable annuity products have a lot of moving parts, it’s important to know what …
When annuities were first introduced back in Roman times, there was one kind and it was very simple. The single premium immediate annuity (SPIA) paid you lifetime income after a one time payment to an insurance company. There are now tons of different annuity products …
TIAA-CREF conducted a survey earlier this year of 1,000 Americans called the 2015 Lifetime Income Survey. Insurance News Net’s Linda Koco summarized the recently released findings in the article “People Want Lifetime Income But Don’t Know Annuities.” Having guaranteed monthly income in retirement is important …
In Kimberly Lankford’s Kiplinger article, “Add an Annuity to Your Retirement-Income Mix,” she says it best with the line “only an annuity guarantees that your income will continue no matter how long you live.” This is important information that should not be overlooked during retirement …
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