7 worst annuity mistakes
As you shift your focus from saving for retirement to withdrawing money, an annuity can be a crucial part of your income strategy. An annuity can provide guaranteed income that lasts for your lifetime — no matter how long you live — and can be a good way to supplement income from Social Security and a pension. But annuities can be complicated and expensive, and it’s easy to make mistakes. Here are seven annuity missteps to avoid.
(Story: Kimberly Lankford. Source: Kiplinger)