Retirees worry about outliving their savings, market crashes, and poor returns. Annuities convert that risk into guaranteed monthly income you can't outlive, though most people misunderstand how they work.
Chapters
When you think about your retirement, do you worry that you might run out of money? That you might outlive your savings? Or that your investments won't last as long as you do? What if you live to age 100 or even longer and your investments don't earn as much as you expect them to? Will there still be enough for you to live independently? What if there's a market crash during your retirement years? Like there was in 2008 and 2009, and your investments lose 30% or 40% of their value, will you still be able to withdraw the same income? Fortunately, there is a way to convert all of this uncertainty into a guaranteed certainty. A way to convert your investment risk into a dependable monthly income that will never go down and you can never outlive. It's called an annuity. However, there is much confusion and misinformation about