Financial Planning News
Fri, 28 Jun 2013
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T. Rowe Price senior financial planner Christine Fahlund discusses how low interest rates may impact annuity decisions, asset location, and the timing of Social Security.
Professor Meir Statman advocates a structured, total-return approach to income so retirees can tap their portfolios responsibly, but he also says annuities aren't the panacea they seem to be.
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.
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