Part I of II - Alternatives to an Annuity
Often just mentioning the word “annuity” can have a profoundly negative effect on an investor - and for good reason! This once good solution for managing longevity risk has too often been bastardized by "innovations," high fees, and unscrupulous sales tactics. It should be noted though, that in the right situation a carefully-selected annuity can still provide significant benefits via the pooling of mortality credits. What did he just say?
In the past those investors/soon-to-be retirees who were “annuity averse” (and were also stock market