Bob Stowe thinks every retiree should have an annuity.
To make his case, Stowe, a fee-only financial planner out of Plano, Texas, with a mass-affluent client base, points out that social security is a type of annuity. So were the corporate pensions of yesteryear. His point is that most retirees should invest a portion of their assets in an annuity, as long as the rate of return exceeds the rate at which the client is drawing down his or her savings.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access