It is not unusual to start thinking seriously about retirement when you reach age 55. It used to be a fairly straight forward process. If you had a 401(k) through your employer, you simply began to shave off contributions from your paycheck, selected the stocks or mutual fund you wanted to hold in your portfolio and watched as the value shot up. Then the Great Recession hit us like a tsunami. Just as the invading waters come from nowhere, tear everything away and pour it out to sea, so the value in our 401(k) was sent adrift. Those once-full reservoirs…
Annuity
This annuity review is intended to explain who needs a pension annuity investment, and why they are so important. When you retire, you have no money coming in and will rely on social security unless you have made some form of financial provision. “People are living longer, and retirement is no longer just a few years, but can be as long as 20-30 years and more,” says James from iannuityrates.co.uk. “It can be a terrible shock to change from living comfortably to being on the bread line! Yet many who fail to invest for their retirement end up in this…
