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Retirees Draining Retirement Plan Money Faster than Five Years Ago

As they approach retirement age, workers in the United States must make a choice that will dramatically affect their financial future. They must decide between taking a lump sum payment or a guaranteed monthly annuity from a defined contribution plan sponsored by their employer. While the idea of having a large sum of money all …

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Current Legislation That Could Affect Annuities

Annuities, like all options for retirement saving, are subject to complex tax and securities regulations. Here’s a list of bills we’re keeping track of at Annuity Associates: 1770, Retirement Security And Savings Act: S. 1770 would encourage the use of Qualifying Longetivity Annuity Contracts, or QLACs, in certain retirement plans. These annuities help protect seniors …

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Why Are Annuity Purchases Ramping Up This Summer?

The weather isn’t the only thing reaching record highs this season. As inflation continues its historic rise, consumers are having to rethink their reliance on risky investments like stocks and cryptocurrencies as a way of generating retirement income. Many are choosing annuities as a more stable form of income generation without the low earning potential …

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