Thursday, August 10, 2006
How to Have Guaranteed Income for Life
Social Security benefits aren't going to disappear in your lifetime, and neither will traditional defined-benefit pension plans. But there is a very strong likelihood that both will play a much smaller role for new and future retirees than they did for earlier generations.
This means that unless you take specific steps -- no matter how much you've saved -- it's increasingly likely that you'll be left without a critical component of your retirement needs: guaranteed income for life.
To replace or supplement an old-style pension or Social Security, you may want to consider spending up to 30 percent of your nest egg on an immediate-fixed annuity. This could help make certain you can cover your living expenses and won't outlive your money...
Yahoo Finance: How to Have Guaranteed Income for Life
This means that unless you take specific steps -- no matter how much you've saved -- it's increasingly likely that you'll be left without a critical component of your retirement needs: guaranteed income for life.
To replace or supplement an old-style pension or Social Security, you may want to consider spending up to 30 percent of your nest egg on an immediate-fixed annuity. This could help make certain you can cover your living expenses and won't outlive your money...
Yahoo Finance: How to Have Guaranteed Income for Life
Permalink posted by markw @ 2:17 PM 
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