According to a recent study, more and more workers are expressing an interest in adding annuities to their defined contribution plans from work. A whopping 80% of survey participants said that they would like to put some, or even all, of their money into annuities. …
For prepared retirees with a 401(k) and/or IRA, consider supplementing your income with an annuity. Annuities are contracts between investors and insurance companies that start with an initial investment. Immediate annuities start releasing monthly payments right away, so they are paid for up front with …
On CNNMoney, Penelope Wang suggests that buying immediate annuities with your 401(k) money may be a good bet after you retire. Employers often pay out 401(k) accounts in a lump sum for convenience purposes, but many people struggle to make that money last throughout their …
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