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Annuities: The Modern-Day Pensions?

2016-04-28 07_17_07-Microsoft Office Picture Manager“Retirement planning has changed a lot over the last few decades. And perhaps one of the most dramatic changes is the slow and steady death of employer-provided pensions.” Today’s article examines how “for those who don’t have the backstop of a traditional defined-benefit pension plan…annuities could be an attractive way to re-create the kind of guaranteed retirement income most Americans enjoyed in decades past.” But when it comes to immediate versus deferred, and fixed versus variable, what are their respective risks and which is best for who? And what exactly are the relatively new equity-indexed annuities? CLICK HERE to read more.