The topic of a guaranteed annuity at retirement is becoming more relevant as security in this phase of life is imperative.
Retirement is one of life’s major events. It is not only a time when we move into a life-changing new phase of life after a long career, but also a time when we have to make many decisions on navigating the next 30/40 years. It can be overwhelming.
The topic of a guaranteed annuity at retirement is becoming more and more relevant as security in this phase of life is imperative. The current high interest rate/high inflation environment brings with it volatility in the stock market, and many investors choose to rather flee to perceived safe-haven asset classes. This is simply the nature of market and economic cycles.
I understand the appeal of a guaranteed annuity: safety and certainty in terms of an income ‘guaranteed’ for the foreseeable future. And I would like to mention that there are spaces for certain investors to use this vehicle or to build a hybrid structure where this aligns with the individual’s needs and holistic financial plan.
The reasons why I recommend building a resilient, all-weather portfolio within a living annuity structure instead are as follows: ADVERTISEMENT CONTINUE READING BELOW
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