To annuitize or not to annuitize: that is the question that the author of today’s article tackles – and a question that he notes “nearly all retirees and soon-to-be-retirees face at one time or another.” Do annuities have a place in your retirement portfolio? Is there a better alternative when it comes to having a stream of income that is…
“Defined contribution plans like 401(k) accounts are great at helping employees save for retirement, but they provide no guarantee of income as pensions do,” notes the author of today’s article. While private sector pension plans have largely disappeared, the author highlights a pension-style retirement product that offers guaranteed lifetime income, but which only recently has entered the mainstream of retirement…