Perspectives Content Submission
Fri, 26 Jul 2013
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Retirement Readiness Bootcamp Part 2: Social Security, pensions, annuities , and other sources of nonportfolio income are important parts of any retirement plan.
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.
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.
Single premium immediate annuities look more competitively priced than deferred income annuities today, says David Blanchett of Morningstar Investment Management.
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