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Cheaper Annuities With 'Benefits'

Sunday, March 10, 2013 - 10:06 AM
From the Wall Street Journal
With markets volatile and corporations scaling back defined-benefit pension plans, those in or near retirement are paying high fees to transform plain old variable annuities into a source of guaranteed income for life.

But now, a handful of companies are rolling out lower-cost versions of these investments for those willing to give up some benefits, such a feature that bumps up your future guaranteed income if you delay taking withdrawals.

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Beware, the article doesn't include enough of the downsides. It basically just says "Variable annuities with living benefits can be complicated."
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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