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
Sponsor

Be An IRA Expert

Can I tap my IRA for a loan?

If you want to tap your individual retirement account for a loan, know the rules first.

CD & INVESTING NEWSLETTER

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

Blog

Jennie Phipps

Feds fight to thwart ID thieves

The IRS, Federal Trade Commission and Social Security Administration are taking steps to protect consumers from identity theft.  ... Read more

advertisement
Partner Center
advertisement

Connect with us