singlelifeannuity
If you retire from your current employer, will you receive a monthly payment for life? If yes, then go ahead and do a little jig. This is a rare arrangement these days. As of March 2020, 67% of employees in the private sector had access to employer-sponsored retirement plans, states the Bureau of Labor Statistics. Of these, 52% were defined contribution plans. Additionally, 12 percent had access to both defined contribution and defined benefit pension plans, while 3 percent had access only to defined benefit plans. Even if your company doesn’t offer such plans, you can still have your ownpensi...
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Do you see retirement on your horizon? If so, you probably have some valid concerns. These include everything from adjusting to a post-work life to ensuring that you won’t outlive your savings. While I can not help you with making the transition from work to retirement, I might be able to assist you with the latter concern. If you’re in search of a retirement vehicle that will guarantee a regular income for the rest of your life, look no further than an annuity. And, if you’re single, you might want to hone-on on a single life annuity. What is a single life annuity?Also called straight life or...
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