FYI: The following is excerpted from the final chapter of Wade Pfau’s new book, Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement. It is available at Amazon. All of the issues and questions discussed are explained with much more detail throughout the book.
It is important to understand the complex way insurance products work for retirement income. Here is a list of important questions to answer for the three major types of annuity products.
Regards,
Ted
https://www.advisorperspectives.com/articles/2019/10/18/safety-first-retirement-planning
