Tuesday, July 25, 2006

 

Lifetime-income Strategies Require Some Thought, Care

Many surveys show the top financial concern of retirees and aging Baby Boomers is ensuring their money lasts as long as they do. In response, insurance companies keep rolling out innovative but often highly complicated products that guarantee lifetime income.

The slew of new products offers more choices but also more chances to go wrong because some decisions in this area are irrevocable or expensive to undo. I'll go over some of these products and suggest ways to learn more.

Lifetime-income Strategies Require Some Thought, Care
Source: Chicago Tribune (free online registration required)

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