Mike Milligan argues retirees need guaranteed income from annuities to cover basic expenses, so they don't turn to credit cards or debt-consolidation scams when markets drop. With essentials secured, remaining money can chase growth without panic.
Because when you don't have enough money to spend for your basic expense, then you start going into credit card debt. Then all of a sudden you fall into, you know, scammer possibilities because people asking you to, to consolidate your debt. So annuities are part of the things that help guarantee your income and create dependable income. Some retirees find peace of mind knowing a portion of their bills are covered no matter what the market does. And then, and then you have the flexibility for growth in other growth-oriented when you have your income guaranteed.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
