Ross Rezac and her husband, Martin Skoro, semiretired graphic designers who are gradually winding down their firm, in Minneapolis, Jan. 27, 2016. The couple have recently become intrigued by a single-premium immediate annuity or lifetime annuity, which guarantees a steady income for the rest of your life at the cost of handing over your savings to insurers. “What attracts us to the annuity is the steady income,” Rezac said.
Ross Rezac and her husband, Martin Skoro, semiretired graphic designers who are gradually winding down their firm, in Minneapolis, Jan. 27, 2016. The couple have recently become intrigued by a single-premium immediate annuity or lifetime annuity, which guarantees a steady income for the rest of your life at the cost of handing over your savings to insurers. “What attracts us to the annuity is the steady income,” Rezac said. JENN ACKERMAN NYT
Ross Rezac and her husband, Martin Skoro, semiretired graphic designers who are gradually winding down their firm, in Minneapolis, Jan. 27, 2016. The couple have recently become intrigued by a single-premium immediate annuity or lifetime annuity, which guarantees a steady income for the rest of your life at the cost of handing over your savings to insurers. “What attracts us to the annuity is the steady income,” Rezac said. JENN ACKERMAN NYT

Annuities as an alternative to shaky markets? Be wary

February 05, 2016 02:00 PM