Tue, 27 Nov 2012
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Market trends have altered the benefits of several annuity products, and Morningstar's Kevin Loffredi examines what retirees should know before investing in these vehicles.
These products can be a good fit for those who are delaying Social Security and who have good health and longevity in their family histories, says financial-planning expert Michael Kitces.
Investors should think of annuities like other risk-management tools, weighing how much they value the protection of lifelong income, says Morningstar Investment Management's David Blanchett.
Single premium immediate annuities look more competitively priced than deferred income annuities today, says David Blanchett of Morningstar Investment Management.
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