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.
Annuity investors must take care to fully understand their contracts before letting multiple obstacles diminish their income potential.
Vanguard's John Ameriks says annuities carry much value, but real-world issues and other disincentives make the products undesirable for many retirees.
We think Prudential is overvalued and investors could be better off with Aviva.
Longevity annuities might be a newly available option for your IRA, but retirees should weigh the pros and cons before buying these vehicles.
Hartford Financial Services Group Inc. agreed to sell its U.K. variable-annuity business to Berkshire Hathaway Inc. for about $285 million in cash.
The sector is feeling the pressure from regulators and appears to be fairly valued overall.
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