FYI: Policy makers, academics, and industry executives agree: The challenging task of getting decades’ worth of savings to last a lifetime can be made more manageable with a single product: an income annuity. Annuities, however, have long suffered an image problem—for reasons both deserved and exaggerated—so investors have been slow to embrace them. But that could soon change, as individuals grapple with increased market volatility and rising interest rates.
Financial advisors and retirement experts have long advocated having some guaranteed source (preferably plural) of lifetime income to supplement Social Security. Guaranteed income, of course, offers peace of mind; it also lets retirees take more risk in the remaining parts of their portfolio, and/or enables them to tap their nest egg at a higher withdrawal rate.
Regards,
Ted
https://www.barrons.com/articles/how-to-protect-your-retirement-with-income-annuities-51544878800
