Simpler Variable Annuities Could Play A Big Role In Retirement Planning
A secure retirement plan needs secure income sources. But figuring out how to sustain an income stream throughout retirement relies on an important component: having adequate savings to begin with. For more and more Americans, annuities are part of the solution for growth and income. Certain annuities, like fixed annuities, can be used to replace bonds as a source of secure retirement income, while variable annuities can provide potential growth upside as well as optional income. However, there is still...