Tue, 27 Nov 2012
Read the rest of this article on Advisor One
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.
Single premium immediate annuities look more competitively priced than deferred income annuities today, says David Blanchett of Morningstar Investment Management.
Downside market protection, more retirement spending certainty, and longevity protection are potential benefits of annuities in retirement plans, but they're not for everyone.
Annuity investors must take care to fully understand their contracts before letting multiple obstacles diminish their income potential.
©2014 Morningstar Advisor. All right reserved.