FYI: NCOME ANNUITIES are a simple, cost-efficient way to generate guaranteed retirement income, and yet they account for just 5% of overall annuity sales. My contention: They can play a unique role in a portfolio—and deserve serious consideration by anyone planning for retirement.
Full disclosure: I’m co-founder of Saturday Insurance, an online company that offers income annuities and other insurance products directly to consumers. I also know that, when most people hear the word “annuity,” they cringe, and rightfully so. Over 95% of the annuity market is made up of tax-deferred variable and fixed annuities—investment products that are often complicated and expensive. But don’t let the word “annuity” scare you away from income annuities.
Regards,
Ted
https://humbledollar.com/2019/07/bet-your-life/
