Annuities can provide invaluable lifetime income security, an annuity expert Nuss writes in Kiplinger.com. A Brookings Institution study backs value of annuities
MEDFORD, OR / ACCESSWIRE / April 28, 2020 / Date-Income annuities can take the risk out of retirement, according to a Brookings Institution study, Ken Nuss of AnnuityAdvantage writes in Kiplinger.com.
"Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized," he writes.
Most people planning for retirement should strongly consider an income annuity, a 2019 Brookings Institution report said.
With an income annuity, you don't have to deal with the uncertainty of trying to make your money last for your entire lifetime, Nuss points out. It serves as longevity insurance.
Read his article at https://tinyurl.com/y6y8vv8g.
Annuity expert Ken Nuss is the founder and CEO of AnnuityAdvantage, a leading online provider of fixed-rate, fixed-indexed and immediate income annuities. It provides a free quote comparison service. He launched the AnnuityAdvantage website in 1999 to help people looking for their best options in principal-protected annuities. More information, including updated interest rates from dozens of insurers, is available at https://www.annuityadvantage.com.
For more info about income/longevity annuities, see https://www.annuityadvantage.com/annuity-type/deferred-income-longevity-annuities.
Or call (800) 239-0356 or write [email protected].
Contact: Henry Stimpson, Stimpson Communications, 508-647-0705, [email protected]
SOURCE: AnnuityAdvantage