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Annuity Watch

Ever Thought About Tailoring Your Pension?

Why not?  You can use annuities to personalize your pension to fit your specifications.  Annuities should no longer be viewed with a one-size-fits-all mentality, but rather a “tailor-made” version that will fulfill the needs and wants of the consumer while being advantageous to the insurer.  

In a recent FOX Business article, Moshe Milevsky who is the author of “Are You a Stock or a Bond?” gives some valuable advice. He suggests that people should strongly think about placing some of their money in annuities - especially if a person doesn’t have a traditional pension plan that gives them the majority off what they will need when retirement comes around. This proves to be that much more beneficial when your annuity provides you with some type of lifetime income guarantee.

Milevsky goes on to say that consumers should purchase their annuity from a group of exceedingly rated insurers. This assures that if one of the companies falls through on the promise, one of the other companies is the safety net; therefore, protected much more than they would be with one. 

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