Looking for a safer retirement income stream? Consider annuities
March 25, 2024 by Joelle Hall
As you navigate the labyrinth of retirement planning, the resurgence of annuities has sparked renewed interest among people seeking financial security in their golden years.
Click HERE to read the full story via MSN. Wink’s Moore on the Market: Getting my highlighter out here…
“There are three main types of annuities: life annuities, which guarantee income for as long as you are alive; term-certain annuities, which guarantee income for a fixed period; and variable annuities, which provide fixed income with potential extra income depending on market performance.”
No, no, no, no, no.
There are two main types of annuities: income annuities and deferred annuities. Deferred annuities come in four subtypes: fixed, indexed, structured, and variable.
As for “or if they are biased towards selling annuities because that’s all they are licensed or compensated to do,” agents are licensed to sell more than annuities and are certainly compensated to sell more than annuities. -sjm