Research: Annuities can protect retirees from running out of money

02/17/2014 | ·

Any uncertainty about whether retirement income will last long enough can be reduced, or even eliminated, through annuities and long-term care insurance, according to a report by the Employee Benefit Research Institute. "For example, the annuitization of a portion of the defined contribution and individual retirement account (IRA) balances may substantially increase the probability of not running short of money in retirement," Rebecca Moore writes.

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