Consider a Longevity Annuity to Avoid Worrying About Outliving Your Income in Retirement
A very good, balanced article about the longevity annuity--well worth the read.
Consider that the annuity payout for a $50,000 longevity annuity purchased from MetLife by a 60 year old male is $56,106 per year. The payouts begin at age 85 and last for the lifetime of the contract holder.
Tax considerations, estate planning and financial planning are discussed in the context of longevity annuities.
Source: U.S. News and World Report
