Putting Retirement Portfolios to Work to Produce Income
July 16, 2024 by Roger Wohlner
With over 10,000 people turning 65 each day in the United States, generating a dependable retirement income stream is a top priority for financial advisors and their clients. At the recent Morningstar Investment Conference, held for the first time at Chicago’s Navy Pier, one of the sessions was a panel discussion on retirement savings needs and income strategies.
Click HERE to read the full story via Think Advisor
Wink’s Moore on the Market: Christine Benz, Erin Browne, and Andrew Jacobs van Merlen, CFA recently participated in a panel at a Morningstar Investment Conference.
Annuities were on the docket during the discussion.
I was so disappointed to see comments like, “an annuity locks up retirees’ money with little or no excess in exchange for a relatively small payment each month.”
Nearly EVERY single annuity allows the purchaser to withdraw [10%] of their annuity’s value, annually, without being subject to surrender penalties.
AND- what is the value of a “payment each month?” Until the day that you die, you can ensure that you have sufficient funds to pay those expenses that you cannot compromise on.
My thanks to ThinkAdvisor for the tipoff on this one. -sjm