Similar Stories to Ask A Fool: Should I Buy An Annuity For Retirement Income? on Bing News

An annuity may seem like a great idea for a worry-free retirement. After all, you give a company some money, and you get a stream of guaranteed income for the rest of your life, starting either right away (immediate annuity) or at some point in the future (deferred annuity). This can certainly give retirees peace of mind, especially when compared to a stock and bond portfolio that can fluctuate in value significantly over time.However, there are a few things you need to know about annuities before you consider one.First, annuities are notorious for having high commissions and fees.

Topics:  annuity   retirement   income   annuities   give   commissions   
BING NEWS:
  • Three Options for Retirees with an Old (Forgotten) Annuity
    Did you buy an annuity in the 2000s? If it’s been out of sight and out of mind since then, it's time to dust it off and start making it pay for your retirement.
    11/29/2024 - 9:45 pm | View Link
  • The Key to Choosing the Right Annuity: Do Your Homework
    Here are some of the pros and cons of annuities, along with an explanation of the different types. Which might work for you?
    11/28/2024 - 9:45 pm | View Link
  • Should you buy an annuity with your pension?
    You can buy an annuity when you gain access to your pension savings ... would leave you almost £15,000 worse off. Helen Morrissey, head of retirement analysis at Hargreaves Lansdown, a stockbroker, ...
    11/22/2024 - 12:09 am | View Link
  • 4 Reasons Why You May Want to Buy an Annuity
    Annuities are a popular option for individuals looking to secure a stable income in retirement. By providing regular payments over a specified period, annuities offer peace of mind and financial ...
    11/19/2024 - 2:06 pm | View Link
  • I Want To Buy A $250,000 Annuity – What's The Monthly Income It'll Bring In?
    Regarding retirement planning, an annuity can feel like a comforting safety net. You trade a chunk of your savings – say $250,000 – for a steady income stream, often for the rest of your life. But how ...
    11/19/2024 - 6:30 am | View Link
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