Monday, March 30, 2009
Lock in a Lifetime of Income
Tough times in the markets are renewing interest in an old, reliable investment for retirement: immediate annuities.
These insurance products convert your cash into a stream of income that can be guaranteed to last the rest of your life. With many retirees staring at double-digit losses on their portfolios, that kind of reassurance is attractive.
[Encore illustration] Dan Picasso
Unlike some annuities that are complicated and expensive, immediate annuities are usually fairly straightforward. However, comparison shopping among insurers is essential because their payouts vary...
WSJ: Lock in a Lifetime of Income
These insurance products convert your cash into a stream of income that can be guaranteed to last the rest of your life. With many retirees staring at double-digit losses on their portfolios, that kind of reassurance is attractive.
[Encore illustration] Dan Picasso
Unlike some annuities that are complicated and expensive, immediate annuities are usually fairly straightforward. However, comparison shopping among insurers is essential because their payouts vary...
WSJ: Lock in a Lifetime of Income
Permalink posted by markw @ 4:56 AM 
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