Friday, April 24, 2009
A Golden Egg? Battered Retirement Investors Regaining Interest in Fixed Annuities, But They Aren't for Everyone
Fixed annuities fell out of fashion when the stock market was rising, but are getting a second look these days from investors whose retirement accounts were battered when stocks tumbled.
"This economy has caused people to fear outliving their money," said Carrie Coghill Kuntz, president of wealth management firm DB Root Co., Downtown. "An immediate annuity takes away that fear because the insurance company promises to pay until a person dies."
A Golden Egg? Battered Retirement Investors Regaining Interest in Fixed Annuities, But They Aren't for Everyone
Source: Insurance News Net
"This economy has caused people to fear outliving their money," said Carrie Coghill Kuntz, president of wealth management firm DB Root Co., Downtown. "An immediate annuity takes away that fear because the insurance company promises to pay until a person dies."
A Golden Egg? Battered Retirement Investors Regaining Interest in Fixed Annuities, But They Aren't for Everyone
Source: Insurance News Net
Permalink posted by armandn @ 11:55 AM 
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