Annuities can help manage income risks in retirement

September 5, 2023 by Susan Rupe

During their years in the workforce, employees spend decades accumulating retirement savings. But when it’s time to retire, the focus switches from accumulating savings to generating retirement income. The challenge is to develop a retirement income strategy that provides a desired lifestyle without concern over running out of money.

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Wink’s Moore on the Market: 

Matt Johnson, CIMA®, CLU®, ChFC®,  RICP® at American Equity has an interesting perspective on annuities and risk management.

He suggests that are three paths for managing risk (ART):

1. Avoiding risk;

2. Retaining risk; and

3. Transferring risk (this is where annuities come in).

Originally Posted at InsuranceNewsNet on September 1, 2023 by Susan Rupe.