Economic Lesson: Your Retirement Money
Money, Who Needs It?
When you retired you only thought you had enough money. The economy plays tricks on even the most frugal investors. Regardless of what the media tells you, you will need lots of money to survive retirement. Your retirement plans and investments may not be enough.
Money To Flow Like A River
One of the best ways to feel secure during your retirement years is to set up a flow of income that is tamper-proof. You can set this income flow before or after retirement. The way many financial advisers accomplish this is through the use of annuities.
Guaranteed Stream Of Income
An annuity provides a flow of income that can be fixed or variable. A fixed annuity will pay out the same amount of money each and every month. The rate of return also remains fixed. With a variable annuity your investments are tied into the market so your returns vary with the market returns. Either type of annuity can be a good investment to help offset economic conditions.
Your personal financial circumstances would determine if a fixed or variable annuity would be right for you. If you are unsure seek the help of an accountant or financial adviser.