Tue, 14 May 2013
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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.
Downside market protection, more retirement spending certainty, and longevity protection are potential benefits of annuities in retirement plans, but they're not for everyone.
Single premium immediate annuities look more competitively priced than deferred income annuities today, says David Blanchett of Morningstar Investment Management.
Annuity investors must take care to fully understand their contracts before letting multiple obstacles diminish their income potential.
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