Income Now Annuity Strategies

In the world of annuities, there are only 2 types of income needs, Income Now and Income Later.  Income Now is pretty much self explanatory.  You need income to start immediately, and in most cases, continue for the rest of your life regardless of how long you live.  The true value proposition of an annuity that sets it apart from all other financial strategies is that it is the only strategy that can contractually solve for Longevity Risk (i.e. outliving your money).  That’s the primary place that an annuity should fit in a person’s portfolio.  It goes right beside your Social Security payments, or pension payments (if you are so lucky) to provide the needed income stream levels to maintain your desired lifestyle.

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