© 2022 MJH Life Sciences and Medical Economics. All rights reserved.
© 2022 MJH Life Sciences™ and Medical Economics. All rights reserved.
Each has distinct pros and cons — be sure to compare before investing.
Annuity produces more guaranteed lifetime income; Schwab plan is more flexible.
An income annuity can convert your savings or a pension-plan lump sum into a lifetime stream of income.
To determine your needs for cash now and in the future, here are some questions to ask yourself.
How can you decide if an annuity is right for you?
Converting a deferred annuity to a lifetime income annuity can be a great move, but it pays to shop the market instead of routinely annuitizing with the same company.