Decumulation

A handful of very large, powerful trends are currently shaping the retirement income landscape:

Here is a bit of advice that might make annuities easier to understand:

An annuity is a financial product that converts accumulated savings into guaranteed income.  In a very basic sense, annuities:

• Turn a sum of money into a series of payments or a “stream of income.” 
• Guarantee the stream of income over a specific timeframe.