Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized. It’s called a deferred income annuity or a longevity annuity. Most people planning for retirement should strongly consider an income annuity, and… Continue reading Income Annuities Provide Invaluable Longevity Insurance but Are Still Underused
Tag: lifetime income
Cut Your Taxes in 2019 and Beyond
January is a good time to reassess your financial situation, including taxes. The first step is to estimate your 2018 federal and state income taxes. Once you understand what’s driving your taxes, you’re in a good position to take action to minimize them so you can save more for retirement. Despite a reduction in overall… Continue reading Cut Your Taxes in 2019 and Beyond
Longevity Insurance Is Underused in Retirement Planning
More people are living into their late 80s, 90s and even past 100. But longevity isn’t so great if you run out of money. To avoid that risk, you can buy longevity insurance. It’s a special kind of deferred annuity that assures you’ll have a guaranteed income forever, even if you live to 100 or… Continue reading Longevity Insurance Is Underused in Retirement Planning