👴👵 5 Things You Should Know About Annuities (AARP Article)

[SpringIsHereSoHappy]

ANY COMMENTS?  🤔  I DONOT HAVE ANY ANNUITIES!  👵

FROM ARTICLE - SEE ARTICLE FOR MORE.

Whether you’re looking for steady retirement income or a low-risk investment, check the fees and the fine print.

By Kimberly Lankford, AARP. Updated March 06, 2024. Published May 21, 2020.

Social Security was never meant to cover all your expenses in retirement, and unless you work in the public sector, pensions are rare. Knowing there’s another payment coming in like clockwork every month, or that your investments have some protection from a volatile market, can ease worries about outliving your savings, especially at times of economic uncertainty.

That may help explain why annuities are booming. Annuity sales hit a record high of $385 billion in 2023, a 23 percent jump from the previous year, according to LIMRA, a research association serving life insurance and financial services companies.

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https://www.aarp.orgretirement/retirement-

savings/info-2020/learn-about-annuities.html