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Category: Annuities

The Best “Annuity” You Can Buy in Your 60s

The Best “Annuity” You Can Buy in Your 60s

Most retirees are all about getting the most “bang for their buck” in every facet of life. We all are. It would be hard to get more bang for your buck than by delaying Social Security by even just one year. Before you click away from another delay Social Security piece, hang with me as I’d be surprised if you have thought about it in quite this way before. That is how you might view delaying Social Security as the…

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Should You Take the Pension Or a Lump Sum?

Should You Take the Pension Or a Lump Sum?

For those that are lucky enough to have a pension, this is always a popular question. For those without a pension of any sort, this is one to skip. Given that I’ve gotten this question a few times over the past couple months, I wanted to provide some thoughts on this topic. When it comes time to retire, if you are offered a pension, you will likely be offered one of two scenarios: Scenario One: The option to choose: a…

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Should You Buy An Annuity For Retirement?

Should You Buy An Annuity For Retirement?

Annuities get a bad wrap. Most of that bad wrap is justifiably earned. Annuity providers often reward the “salesperson” (yes, many times, that is what they are) with a big commission check. As such, they are incentivized to encourage (scare you into) putting as much of your money as possible into annuities. As a result of those sales antics, many advisors that take the other side of the annuity argument spend a lot of time saying how horrible annuities are….

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