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
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