What Consumers Need to Know About Annuities

Common retirement savings options like 401(k) and IRA plans are good ways to supplement Social Security benefits and create a sound cushion post-employment. Some people add whole life insurance, which combines life insurance with an investment component.

Another possible option is an annuity, typically sold by an insurance company as a way to guarantee income in retirement for the rest of a policyholder’s life.  Read entire article here

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