Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Retirement: Make Your Savings Last As Long As You Do

Sunday, December 4, 2011 - 8:35 AM
Most of the tips to make your savings last longer in retirement in this USA Today article are well known such as working longer, delaying social security and investing in immediate annuities. It does offer a pretty good discussion on immediate annuity strategies. On excerpt in this section:
The cost of buying an immediate annuity goes down as you age, so you may want to wait until you're in your 70s or older to buy one. That way, you'll have access to your money in the early years of your retirement, when most retirees tend to spend more. Another strategy is to invest a small amount of your savings in an annuity every few years, Hebeler says.

3
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,611
1. Friday, September 20, 2013 - 5:40 AM
Very informative article, Ken! People should really be reading this. Many people do panic about the thought of retirement. However, as long as you know where to put your money and how to manage your savings, there should be no worries regarding your future financial security. 
2
joymalijoymali16 posts since
Apr 6, 2013
Rep Points: 23
Reply