The Ultimate Guide To AnnuitiesYour One-Stop Resource for Retirement
How do I know if buying one is right for me?
If you’re concerned about outliving your money, an annuity could be a great addition to your retirement strategies. If you feel you have a high life expectancy and you want to secure an income source, you probably should consider the purchase of an immediate annuity, that in combination with other strategies could be highly effective to meet unexpected expenses that may occur during your retirement years.
While immediate annuities may not be for everyone, they make a lot of sense for many retirees that are worried about running out of money in the period that is supposed to be calmed. It’s also a good alternative for those of us that are concerned about inflation because, as we said, if you start receiving payments immediately there are less chances that your money loses its worth through time due to inflation.