Longevity Insurance Creates Spending and Investment Flexibility for Retirees
One in three baby boomers is expected to live into their nineties. Longevity risk or the possibility of outliving one's assets is something that should be considered by all near and current retirees. Longevity insurance or a longevity annuity is one of the most efficient ways to hedge longevity risk. Relatively large amounts of guaranteed income later in life can provide peace-of-mind and financial flexibility earlier in retirement. "Because the insurance company has held your money for a long...
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