Article Bookmarked
Bookmark Removed

3 Ways to Guarantee Retirement Income for Life

Mar. 27, 2015 Kiplinger

Annuities can be a tough sell. Retirees and those approaching retirement worry that they will die long before they recoup their investment. Add to this concern the years of low interest rates and the industry’s reputation for high fees, and it’s not surprising that annuity sales are relatively flat.

But the annuity industry is convinced it can attract a growing wave of baby boomers who remember all too well the 2008 market downturn. Insurance companies are rolling out a variety of products that they contend address the baby boom generation’s desire for flexibility and choice — as well as a need for guaranteed lifetime income.

 And it’s likely that many retirees will give annuities a second look following the federal government’s decision to give some products a thumbs-up. The Treasury Department in July changed the tax rules so people can invest some of their 401(k) and IRA money in certain types of annuities without having to take required minimum distributions on the money.

Read More on Kiplinger

Gene Upshaw Player Assistance Trust Fund

Apply Today

All Resources

Tell Me More

Are Debt Collectors Allowed to Text Me?

There are new rules for debt collectors as of November 30th.

Read More

Understanding Your Credit Score

Find your credit score and come up with a plan.

Read More

One Common Finance Question:

Can a Collection Agency Charge More Than The Original Debt Shown On My Credit Report?

Read More

Which Debt Should You Pay Off First?

Some debts are worse than others.

Read More

The Power of a "We"

Choosing the right pronoun can be the ultimate power move.

Read More

Study links sleep breathing disorders to severe COVID-19 outcomes

If you have a sleep disorder, you may want to be extra careful this winter.

Read More

The Guilt of Living with Chronic Pain

Questioning the legitimacy of a person’s pain induces guilt and worsens pain.

Read More

Ways to Manage Your Everyday Stress

Watch what you eat, how often you move and how you're incorporating mindfulness.

Read More