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Investors pile into 'bowling bumper' annuities as stock market worries grow
These "bowling bumper" annuities limit losses but also cap gains, with surrender charges up to 8% for early withdrawals.
Pension annuity sales increased by a quarter (24 per cent) last year to reach a 10-year peak of 89,600, numbers from the Association of British Insurers show.
The situation: You want to use cash in your retirement savings to buy a fixed annuity. Your worry: interest rates are low right now. Fair enough: when interest rates fall, so do crediting rates on ...
Determining your personal withdrawal strategy is all about looking at historical data and what's worked for others in the ...
Three-legged stool of retirement planning has grown a bit wobbly over the years as fewer workers can rely on a pension.
Fewer retirees can rely on pensions, so more people have to find retirement income elsewhere and navigate issues like managing taxes while withdrawing from different kinds of accounts, when to take ...
Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. MoMo Productions / Getty Images You’ve spent decades building your ...
It’s impossible to determine the “right” withdrawal rate at the outset of retirement. A 4% starting withdrawal rate, with annual inflation adjustments to that initial dollar amount, is often cited as ...
Retirement researchers are often enthusiastic about annuities, but many consumers are reasonably skeptical. Here to discuss basic information about annuities and their pros and cons is Christine Benz, ...
Read full article: Man suspected of DUI crashes through Detroit Metro Airport fence onto airfield Police are looking for 59-year-old Robin Thomas, who went missing in Detroit. Retirement researchers ...
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