portfolio: Why should I consider purchasing an annuity?
- 03/22/10 04:03 PM
Annuities can serve many useful purposes.If you are in a saving-money stage of life, a deferred annuity can: Help you meet your retirement income goals. Employer-sponsored plans such as a 401(k), 403(b) or Keogh are an important part of planning for retirement. However, contributions to these plans and to IRAs are limited, and they might not add up to enough for the retirement income you need, especially if you started saving for retirement late or had contributions interrupted—perhaps due to job changes and/or family responsibilities. Moreover, your social security and defined-benefit pension (if you have one) may provide less than you need (0 comments)
Questions and answers From President and C.E.O Duane Myers of the M&C Insurance group. Sharing over 25 years of my direct experience and knowledge of insurance policies and coverages. Serving New jersey, Delaware and pennsylvania. www.MandCinsurance.com