Wednesday, September 06, 2006
Annuity Guarantees Can Fit in Your Retirement Plan
In their quest for retirement income that lasts a lifetime and has the potential for outpacing inflation, aging Baby Boomers and seniors are being pitched two alphabet-soup variable annuity guarantees: GMWBs for life and GMIBs.
I mentioned these benefits briefly in a column two months ago about retirement income options and have received dozens of e-mails from readers wanting to know more.
In industry jargon, these initials stand for "guaranteed minimum withdrawal benefit" and "guaranteed minimum income benefit." They are part of an ever-evolving breed of "living benefits" tacked onto variable annuities, which are tax-deferred, mutual fund-like investments within an insurance wrapper.
Annuity Guarantees Can Fit in Your Retirement Plan
Source: Sun-Sentinel
I mentioned these benefits briefly in a column two months ago about retirement income options and have received dozens of e-mails from readers wanting to know more.
In industry jargon, these initials stand for "guaranteed minimum withdrawal benefit" and "guaranteed minimum income benefit." They are part of an ever-evolving breed of "living benefits" tacked onto variable annuities, which are tax-deferred, mutual fund-like investments within an insurance wrapper.
Annuity Guarantees Can Fit in Your Retirement Plan
Source: Sun-Sentinel
Permalink posted by armandn @ 6:35 AM 
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