Laddering Fixed-Rate Annuities Offers Rates That Beat Bank CDs, Plus Flexibility
With today’s low interest rates, it takes planning to create sufficient retirement income without taking more risk than you need to. The days when you could get good income from a collection of Treasury bonds are long gone.
You can get income from dividend-paying stocks, bank accounts, bonds and bond funds, and several different types of annuities.
Each has pros and cons. Stocks that pay high dividends can yield a good amount of income, but stocks can be volatile. You can lose money, and if you’re retired, you may not be able to wait until the market recovers.
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