Don’t rely on one or the other. Do both, says one financial researcher.
An additional $250 a month in savings can buy a modest amount of retirement income and a dollop of comfortability.
Lots of retirement planning advisers are urging people to take some of their retirement money and buy an immediate annuity with it. An immediate annuity is very different from a deferred annuity, which is a way to save money, and has had a bad rap because the fees can be astronomical. An immediate annuity works