More than one in five retirees continues to work even when they have gone well beyond the age of 60. A good number of these retirees will not be in this condition if they didn’t get stuck on a poorly-paying annuity plan. According to a recent survey (by Retirement Assured), life is definitely not slowing...
Tag: annuities
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How NOT to Invest For Your Retirement
It is easy to get trapped into the wrong advice given by unscrupulous financial advisors trying to sell you what’s good for them and not for you. “No problem,” they say. “You will double your investment” they claim, and you end up believing in their figures and their smile. There is another truth. If you...
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The Pros and Cons of Annuity Plans: Some Important Details
Of late, annuity plans have become quite popular in comparison to other retirement products, particularly among those people who are not ready to sacrifice a part of their retirement savings. However, there are some downsides to it as well. My pension expert is dedicated to making you familiar with the whole concept. 1) Pros of...