Social Security is the closest many Americans will get to guaranteed income in retirement, and it involves picking the right claiming strategy. And annuities come in more flavors than Baskin Robbins’ ice cream. The good news is you can ignore the fancy stuff and focus on the plain vanilla: fixed-income annuities. These insurance products offer a relatively low-cost way to ensure you won’t outlive your money, either through an income stream that starts immediately or one that is deferred until you reach a future age. These products aren’t for everyone, of course, but for many they’re at least worth a look. Learn more about them in today's edition. I'm off next Tuesday, so see you back here in a week!
Best wishes,
Elizabeth
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ABOUT ELIZABETH
Elizabeth O'Brien is a senior writer at MONEY, covering retirement and health care. You can email her at elizabeth.o'brien@moneymail.com and follow her on Twitter at @elizobrien.
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