- Annuities are one of the best tools for a retirement income plan but have one large drawback - the loss of principal.
- You give up your assets for a lifetime income stream that lasts as long as you and your spouse live. The insurance company assumes all of the risks.
- A CEF portfolio can be built that provides similar distribution yields as an income annuity (for someone in their 60s) but the assets are not lost forever.
- We review the portfolio annuity we built back in December and create a new one based on today's values.
For further details see:
Revisiting The Create An Annuity Report