Also known as "longevity" annuities, deferred income annuities (DIAs) are risk transfer contracts. These contracts allow you to create a guaranteed future income stream many years before you retire. DIAs are often used to supplement existing qualified plans and pensions. They can help solve a person's concern about outliving their money in retirement. When you [...]
Whether it is the result of poor planning, bad advice or plunging markets, retirement losses can be a deadly poison. Many retirees and pre-retirees have saved enough to win the “retirement game,” but they continue to risk “losing their retirement” by owning risky investments. It is wise for those preparing for retirement or recently retired to set aside enough money in safe places to pay for a guaranteed lifetime income plan. My planning will take you through all the current and future considerations necessary to determine the risk-free amount needed to safeguard your guaranteed retirement income.