The decline of traditional pensions and steady erosion of Social Security benefits has begun to leave most retirees without a source of guaranteed lifetime income. Plugging that hole is emerging as the most important retirement issue of our day.
It’s never too late to start planning your retirement security. Here’s a one-size-fits-all strategy that will help secure an adequate stream of income in your later years.
With interest rates at historic lows, retirement income has become difficult to secure and now planners and retirees are even rethinking the role of the venerable annuity, which has long been a stalwart source of monthly income.
The plain truth is that unless you have boatloads of cash simple annuities alone won’t get the job done.
The Government Accountability Office is supposed to be a government watchdog: keeping an eye on public funds and looking out for self-dealing, all while making sure that the taxpayers are getting a fair shake.