David Blanchett and Michael Finke penned a June 2024 research paper for the Retirement Income Institute that shared insight into why retirees with a guaranteed income spend more. They deem guaranteed retirement income a “license to spend.” The study’s results make sense from a behavioral perspective. After all, if a retiree is guaranteed a set […]
Utter the word ANNUITY and watch facial expressions. They range from fear to disgust to confusion. But hear me out: Annuities are not your enemy. Billionaire money manager and financial pitchman Ken Fisher appears as a haunting senior version of Eddie Munster in television ads. He stares with deep eyes ablaze with intensity. The tight camera […]
When planning for retirement, securing a reliable income stream is a top priority. Many retirees turn to annuities for retirement income as a way to guarantee financial stability. Guaranteed income strategies help retirees maintain cash flow throughout their lives, reducing the risk of outliving their savings. However, while annuities offer security and predictability, they also […]