Are you looking for an effective way to manage your retirement income? If so, then you may want to consider an annuity. Why? It will provide regular and guaranteed payments, similar to those from a pension plan. In fact, 9 in 10 investors, according to the Protected Retirement Income and Planning Study conducted by ALI and CANNEX, want their retirement income plan to guarantee a guaranteed income or protect their principal.
Due – Due
But why is this so important? First, due to their predictability, investors who want to supplement other investments and retirement income streams with a guaranteed income stream prefer annuities, specifically fixed annuities. Also, fixed annuities provide peace of mind since market fluctuations don’t affect their performance.
“Our research demonstrates that there’s been a real ‘retirement reset’ in people’s minds over the past year,” says Cyrus Bamji, ALI’s head of communications. “BLS estimates that approximately 3 million Americans retired during the pandemic, which is double what was projected before the pandemic.
With that information comes the realization that retiring earlier means you have to fund a longer retirement. That reality has set in for Americans and has led people to take a hard look at the amount of risk and expected income in their retirement plans and investment portfolios.”
Bamji added, “these trends have led to more consumers realizing that a…
