How To Use Annuities In Retirement Planning?

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    David RacichPRO
    Fountain Hills, Arizona
    In qualified retirement plans, it may make sense to annuitize the annuity before required minimum distributions become mandatory. In nonqualified retirement planning strategies, you may want to use the staggering annuity product tactic called annuity laddering to maximized tax deferral and utilize the combination of different annuities along you retirement timeline.
      
    Answered on June 10, 2013
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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    There are various retirement income strategies that depend heavily upon annuities. Annuities eliminate the major risk facing most retirees, that of living too long and running out of money. An annuity guarantees money for the balance of the annuitant’s life. This is particularly true when there are two retirees and income is needed for the balance of both of their lives.
    Answered on October 7, 2014
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