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Income Annuities Take Risk Out of Retirement

September 13, 2019

Few adults would go without auto, home, life or health insurance. But the kind of insurance that protects against the risk of running out of money in old age is still greatly underutilized.

It’s called a deferred income annuity or a longevity annuity.

Most people planning for retirement should strongly consider an income annuity, and a new Brookings Institution study out in June of 2019 confirms that.

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