Tomorrow's retirees are likely to have a very different retirement than previous generations. Fewer workers these days are covered by traditional defined benefit pension plans, which typically are funded entirely by their employers and provide a benefit that guarantees a steady stream of retirement income for life. Furthermore, Social Security is not likely to provide the level of income earlier generations enjoyed. Consumers need other ways to make up for these shrinking sources of income. Annuities can help fill this gap.
Annuities are long-term savings plans.
They are the only financial planning tool that can help you save and then provide you with a variety of payout options, including a secure and steady stream of income you cannot outlive. Consumers who have purchased an annuity say it is an important source of their retirement security, preventing them from becoming a financial burden on their families. All rights reserved. This site contains general educational material and is not intended to give investment or other professional advice. If expert advice is required, please seek the services of a qualified professional.