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Should You Buy An Annuity in Your 20’s?

New York Life Insurance Co. wants younger people to start buying their successful deferred income annuities.  Darla Mercado of Investment News talks about the recent change they’ve made to attract younger investors in “New York Life cuts initial deposit for annuity to attract youth.”  Previously, …

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New York Life Sells $1B of Deferred Income Annuities

The Wall Street Journal’s MarketWatch recently published an article by Anne Tergesen stating that “More boomers (are) buying ‘longevity’ annuities.”  While immediate annuities are still a popular choice for retirees, some younger Baby Boomers are purchasing deferred annuities as early as their 50’s, even though …

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New York Life’s Income Plus Variable Annuity

New York Life’s newest annuity is aimed at Baby Boomers who are planning to retire in two years or more.  The Income Plus Variable Annuity provides guaranteed lifetime income for the future and protects your money in volatile markets.  In Plan Adviser’s “NY Life Rolls …

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Fidelity Offering Deferred Income Annuities Now

Fidelity Investments put out a press release yesterday letting consumers know that they have extended their product line due to demand from pre-retirees.  They will now be offering deferred income annuities to go along with their immediate income annuities.  With 7,500 or so people turning …

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