As Baby Boomers approach retirement, a growing number of individuals will confront the challenge of converting their savings into income that may need to last for as long as 30 years. A new article by TIAA-CREF explores approaches to maximizing the potential of annuities to help assure individuals never run out of money.
Drawing on its 90 years of experience, TIAA-CREF seeks to educate investors about the often overestimated risk of an annuitant not living long enough to see a positive return on their annuity. The article details the roles joint-life annuities and guarantee periods can play in eliminating this potential risk of annuitization.
© 2009 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017
