retirement

5 sound investment strategies for retirees

Consider immediate annuities
Next
5 of 7
Back
text

If you want a guaranteed income payout, annuities are an option. In exchange for a lump sum or payments over a series of years, you get monthly income until you die. "Annuities are an exceptional way to generate income for a period of time or a lifetime," says Shorten.

There are many different types of annuities and they come with lots of different features. They can be expensive. It's a good idea to consult with a trusted financial adviser before you decide if an annuity is right for you.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Time to share the bounty

When the family gets together for the holiday, it's a good time to make plans.  ... Read more

advertisement
Partner Center
advertisement

Connect with us