Disclaimer: With Medicaid, VA, and insurance regulations frequently changing, past blog posts may not be presently accurate or relevant. Please contact our office for information on current planning strategies, tips, and how-to's.
Three main ways that annuities are valuable for retirement is they reduce portfolio failure, they replace bonds, SPIAs, and variable annuities with fixed SPIAs, and they increase legacy. They reduce portfolio failure because they help create a monthly flow of income for a senior so the likelihood of running out of money in retirement is much slimmer.
Research has supported that the “most efficient investment mix consisted of a combination of stocks and fix single premium immediate annuities and not a more traditional portfolio of stocks and bonds or stocks.” In addition, annuities will help increase your legacy by decreasing your available monthly assets.
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