Annuities Gain More Attention From Retirees

If the 1990s were about dotcom stocks, a dawning era of American finance appears likely to focus more on nuts-and-bolts practicality—how to guarantee a steady stream of income that won't run out during one's golden years.

That's what many annuities are designed to do. They are contracts that, in their simplest form, provide a regular check as long as a person lives. One version, growing in popularity, will step up its payments like Social Security does to keep pace with inflation. Another will ratchet up payments if the stock market rises. And some will allow participants to adjust the cash flow based on their expected needs.

Annuities Gain More Attention From Retirees
Source: Wealth News