Friday, February 03, 2006

 

Immediate Annuity Is Paycheck For Life

Immediate annuities. Also called income annuities. Also called the paycheck you can't outlive.

Also called the wave of the future.

So says Christopher Blunt, president of the MainStay Funds in Parsippany, speaking last week to the Financial Breakfast Bunch of Morris County.

MainStay Funds are part of New York Life Insurance Co., one of the nation's largest insurance companies.

His talk was both informative and entertaining.

With 77 million baby boomers reaching retirement age, retirement has become "a lot more complicated, and we may be having a retirement crisis on our hands," Blunt said

Immediate Annuity Is Paycheck For Life
Source: DailyRecord.com

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