Key words to less stress retirement; “steady income stream.” For most Americans that means Social Security. For many older Americans it means a pension, but what about the great majority who need income each month in addition to Social Security?
Take a look at this article on HumbleDollar. Food for thought.
INCOME ANNUITIES are a simple, cost-efficient way to generate guaranteed retirement income, and yet they account for just 5% of overall annuity sales. My contention: They can play a unique role in a portfolio—and deserve serious consideration by anyone planning for retirement.
Source: Bet Your Life – HumbleDollar