TITLE

Withdrawal Guarantees Aid Annuity for Retirees

AUTHOR(S)
Korn, Donald Jay
PUB. DATE
February 2006
SOURCE
American Banker;2/13/2006, Vol. 171 Issue 29, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that worries about too few assets are morphing into fears of too much life span as the oldest baby boomers reach their 60th birthdays this year. They are most worried about outliving their assets and the effects of inflation on their retirement income. One answer to these fears is to buy an immediate annuity that would deliver lifelong cash flow. Immediate annuities, though, remain among the most talked about but least used investment vehicles in the marketplace.
ACCESSION #
19787605

 

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