About this episode

The episode discusses the role of income annuities in retirement, highlighting their benefits and considerations as National Annuity Awareness Month approaches.

Chris’s Summary Jim and I discuss income annuities in retirement as a lead-in to National Annuity Awareness Month, using a Fidelity Viewpoints article to frame the discussion. We walk through the article’s points on essential expenses, paycheck-like income, and management simplicity later in retirement. We also distinguish traditional income annuities from more complex annuity products and address liquidity, inflation protection, insurance company risk, and death-benefit trade-offs. Jim’s “Pithy” Summary Chris and I use a Fidelity Viewpoints article on income annuities in retirement to get an early start on National Annuity Awareness Month. The article points out that an income annuity may help when Social Security and pensions do not fully cover essential expenses, may provide some peace of mind around income that lasts for life, and may make retirement easier to manage later on. Those are not new ideas around here! Those essential expenses the article discusses is what we refer to as the Minimum Dignity Floor : food, utilities, transportation, housing, and healthcare. If Social Security and pensions do not fully cover those expenses, a simple income…

People in this episode

Hosts: Jim Saulnier, Chris Stein

Topics covered

• income annuities
• retirement planning
• essential expenses
• financial security
• pension coverage
• liquidity
• inflation protection

Keywords

• income annuities
• retirement
• essential expenses
• financial management
• Social Security
• pensions
• liquidity
• inflation protection

Mentioned in this episode

Organizations: Fidelity Viewpoints, National Annuity Awareness Month

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