Rose Retirement - Your Family, Your Finances Weekly Podcast

Annuities = Income for Life!

November 12, 2022 John Merkel
Rose Retirement - Your Family, Your Finances Weekly Podcast
Annuities = Income for Life!
Show Notes

Do you get your 401(k) through a big employer or a smaller company?  The difference could be what you pay in fees.  An article on the Morningstar financial website says plans offered by large companies tend to contain more low-fee investment options.  Workers at employers with smaller plans - who are saving just as much - could have around 10% less in assets at retirement because of higher fees.  John explains how using different tools and strategies can help avoid these fees! 

Perhaps the biggest fear many retirees have is, “Will I outlive my savings?”  An article in Kiplinger magazine says recent changes in the law now make it easier to include an annuity in a retirement plan.  In other words, you’re converting a portion of your money into a vehicle that provides guaranteed income.  John shares other benefits of annuity payments! 

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