Variable annuity pros and cons
What are the pros and cons of a variable annuity for someone 65 years old who may retire in two to five years? When I last checked about 15 years ago, these had a bad reputation, but what's the truth today?
Centre County Pennsylvania
See http://www.extension.org/pages/37133/how-do-i-compare-variable-annuities#.VBxhSk10yM8 and http://www.extension.org/pages/35975/what-do-i-need-to-know-about-variable-annuities#.VBxhc010yM8 and http://www.extension.org/pages/39826/what-are-some-factors-to-consider-before-buying-an-annuity#.VBx...
Bottom Line: Annuities can be useful to retirees to assure that you have a guaranteed lifetime income. You might want to annuitize a portion of your portfolio. Look for annuities with relatively low expenses.