Published On Jan 19, 2024
Should you use an annuity for income in retirement? That's a question I'm asked probably every week. It can be hard to find good information about annuities, and how they actually work online - so I decided to record a video about it.
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There are multiple ways you can use an annuity for income in retirement. You can simply draw the interest to supplement retirement income,. You could annuitize a contract, which is to say that you can trade an asset for a stream of payments that can be used as income. Or you can use an annuity income rider to generate predictable income. I break down some examples of how much income you can expect from these investments in the video today.