October 01, 2018 Finance

The Pros and Cons of Using Annuities in Retirement Income Planning

Ken Nuss

If you’re like most American retirees, you’ll retire without a company pension and instead rely on your 401(k) and IRA accounts to supplement Social Security. Financial advisers and retirees are crunching lots of numbers, hoping to come up with a plan where their money lasts throughout their golden years. As medical science does its best to prolong your life (or delay your death, depending on your point of view), this problem becomes even more challenging.

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