Monday, April 03, 2006

 

An Annuity That Offers Lifetime Growth

What's the scariest thing that can happen to a retiree? Running out of money. Only health concerns, which you can't do anything about, carry an equal worry-quotient.

One solution is to buy an annuity that promises a check each month for life. But when you die, the checks stop coming, and the insurance company keeps the balance. You could also accept a smaller monthly check to cover payments over your lifetime and that of your spouse.

An Annuity That Offers Lifetime Growth
Source: TheStreet.com

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