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Contributed by mm | August 24, 2006 10:50 AM PST
Why should you consider annuity as an integral part of your investment plan? Here is our point-by-point breakdown of annuity's many benefits:
From :
Lifetime Income Stream
A lifetime immediate annuity converts an investment into a stream of payments that last as long as you do. In concept, the payments come from three “pockets”: Your investment, investment earnings and money from a pool of people in your group who do not live as long as actuarial tables forecast. It’s the pooling that’s unique to annuities, and it’s what enables annuity companies to be able to guarantee you a lifetime income.
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Annuity Is Not Cure-All (September 12, 2006)
Good job Walter! In this vivid example, Walter Updegrave explained why annuity is not a good choice for the retired man in this situation. In short, annuity is not a one-size-fits-all solution for all people in retirement.
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