What Type of Annuity Is Best For Me?
When you think about retirement, what's your biggest fear?
If you're worried about running out of money, you're not alone. Survey after survey has found that building enough income to last through a long retirement is one of the top concerns for baby boomers and the generations behind them.
Of course, there's a good reason for their anxiety. Prior generations typically could rely on employer-sponsored pension plans, as well as Social Security, to provide them with guaranteed paychecks in retirement. But those pension plans are quickly disappearing. And the future of Social Security seems to be constantly in question. (As it is, if you have average earnings, the Social Security Administration says those benefits will replace only about 40% of your income.)
Clearly, there's a growing need out there for another source of guaranteed income.
According to the from the Employee Benefit Research Institute, four in five workers expressed an interest in the possibility of adding a guaranteed lifetime income product to their portfolio, regardless of
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