Message Font: Serif | Sans-Serif
No. of Recommendations: 0
With some postings' tone I guess the authors refer to "immediate annuities" which exchange a lump sum for a guaranteed stream of income. A very useful tool throughout retirement years is a "variable deferred annuity" which can allow (unscheduled) withdrawals and also provide several investment options, from fixed rates (similar to 1-year CD rates) to stock funds, bond funds, international funds, etc. Sure, there are fees (account fees, investments management fees, etc.), but the bulk of your money can grow tax-deferred while you withdraw only what you need. While it's not perfect for everyone, it certainly offers some benefits to those who can use them! PP
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.