Immediate annuities: The safest way to make your retirement savings last – Apr. 1, 2015

YOU ARE HERE: :Home/News, Retirement, Saving Money/Immediate annuities: The safest way to make your retirement savings last – Apr. 1, 2015

Immediate annuities: The safest way to make your retirement savings last – Apr. 1, 2015

In theory, it should be pretty simple to do exactly what you describe. And there are plenty of financial advisers more than happy to carry out such a plan for people who don’t like the idea of buying an annuity, but aren’t confident enough about their
But creating income for life that’s as reliable as what you would get from a pension or an annuity isn’t as easy as it may seem. In fact, there are some elements of an
— aka an income annuity –that you simply can’t duplicate. Which makes it virtually impossible to match an annuity’s lifetime payments on your own, unless you take on more investing risk.
Let’s say you’re a 65-old-man who has $100,000 from which you would like to draw a stable and reliable income for the rest of your life. If you go to an..
, you’ll find that at today’s interest rates, forking over $100,000 to an insurer would provide guaranteed lifetime payments of about $540 a month for a man that age. (Payments would be a bit lower for a 65-year-old woman, as women generally live longer.)
 

Curated from Immediate : The safest way to make your last – Apr. 1, 2015

 

By |April 2nd, 2015|Categories: News, Retirement, Saving Money|Tags: , , , |0 Comments

Leave A Comment