Would You Rather Buy an Annuity or a Guaranteed Income for Life?
We put this question to the test to learn more about how retirement savers perceive annuities.
The road to retirement is paved with complex decisions. Besides considering how much to save and how to allocate one's portfolio, prospective retirees, especially those whose retirement savings reside in defined-contribution plans such as a 401(k), face the consequences of exhausted funds. In other words, even a sizable nest egg from the most studious saver can run out of funds over time--especially if one lives a long life.