When preparing for retirement, you may want to consider annuities to supplement your other retirement products such as a 401(k). They offer long-term, consistent income, and some have tax benefits when the owner follows the withdrawal guidelines.
If you’re like most people, you have plans for your retirement. They might involve travel, family time, a whole lot of R&R, or some combination of the three.
“Guaranteed income.” It sounds like a great idea. What could go wrong? Nothing drastic, we hope – but locking in retirement income might not exactly go right for you either.