With a seemingly endless parade of insurers offering a never-ending selection of annuities, shopping for income annuities can be a daunting process. Many baby boomers planning for retirement become overwhelmed and succumb to pressure to buy an annuity that pays less than a competitive amount. Potentially leaving money on the table leaves retirees with feelings of apprehension, which is the exact opposite of why most people buy annuities––for the peace-of-mind they can offer.
There is no reason a retiree should ever find themselves in this position. By asking three straightforward questions, annuity purchasers may assure themselves that they are getting the best deal possible. Read More