Annuity Alternatives for Retirees
Funds with various goals fill this category.
A version of this article appeared in the April 2014 issue of Morningstar FundInvestor.
After saving and investing for decades, retirees face a whole new realm of options when constructing a portfolio for use throughout their golden years. Morningstar's Retirement Income category contains several flavors of mutual funds worth consideration. Still, unlike an annuity, these funds do not offer any kind of guarantee and investors should be comfortable with the risks inherent in each strategy.
Kathryn Spica, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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