Retirement Advice | RetirementAdvice.com » annuity advice http://retirementadvice.com Your Source for Retirement Advice Fri, 20 Jan 2012 15:15:29 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 Annuities Pros and Cons http://retirementadvice.com/annuities-pros-and-cons/ http://retirementadvice.com/annuities-pros-and-cons/#comments Tue, 29 Sep 2009 15:00:22 +0000 admin http://retirementadvice.com/?p=233

Annuities are life insurance contracts sold by brokers, insurance companies, and other institutions. They are normally bought as a way to invest toward one's retirement. Because it is paid for before a person retires, they can look forward to receiving lifetime payments. If you’re considering getting them, here are the pros and cons of annuities. Those concerned with their financial future following retirement know they can’t expect the same type of employer-sponsored pensions that their parents enjoyed. Their only option has been to find other means of saving and one of those options is annuities. The Pros: Prepaying for annuities before retirement...

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