Submitted by tom on
A fairly prominent recent article in the Wall Street Journal discusses the recent attention paid to immediate annuities in the wake of the Obama Administration's "middle class task force" initiatives.
There are some very good scenarios describing the payouts and comparative merits of immediate annuities.
Much attention is paid to the risk of locking-in relatively low annuity payouts when interest rates are so low.
Subscription required but well worth the read--the article can be found by clicking here.
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