Monday, July 07, 2008

 

New Funds Can Provide Payments in Retirement

Some consumers use annuities, which are contracts sold by insurance companies, and create an income stream at a later point in time, typically at retirement, to provide steady cash flow.

But there's a new kid in town called a managed-payout mutual fund, which is similar to annuities but definitely not the same.

New Funds Can Provide Payments in Retirement
Source: Insurance News Net

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