Everand Logo

Welcome to Everand!

  • Kiplinger

    Why I Love Annuities, and So Should You

    by Stewart J. Weissman, Investment Adviser Representative, Founder, Wealth Preservation LLC Jan 16, 2020 4 minutes

    If you need reliable, guaranteed retirement income, annuities can be one of your best options.

    Why do I say that? For one thing, annuities can act as a hedge against longevity risk -- the possibility that you will outlive your money. People are living longer than ever before and, as a result, the old 4% rule is no more. According to this rule, if you begin by withdrawing 4% of your savings the first year of retirement and adjust subsequent withdrawals to account for inflation, you likely would not run out of money. However, longer lives make that a little more problematic.

    Also, new research shows that the

    You’re reading a preview, subscribe to read more.

    More from Kiplinger

    Kiplinger4 min read
    Got Crypto? The IRS Really Wants to Know
    The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven’t run for the hills, it’s worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but th
    Kiplinger5 min read
    As the Market Falls, New Retirees Need a Plan
    Anyone newly retired or nearly so must feel like they have the worst timing in the world. A portfolio tends to be largest near retirement, just before those savings are about to be drawn down. These days, however, most portfolios have lost value; the
    Kiplinger2 min read
    Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver
    Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the chari

    Related