9/30/2013

Two characteristics of annuities that make them important in planning retirement income are their ability to protect against money running out during retirement and their options for protecting against capital market downturns, writes Peter Klein, managing director of Secor Advisors Group. "Annuities offer considerable benefits over other kinds of retirement products, especially for those who cannot deal with market volatility and the loss of their retirement savings," he notes.

Related Summaries