GUARANTEED INCOME FOR LIFE: STRETCH YOUR RETIREMENT SAVINGS WITH AN ANNUITY.

摘要

RETIREES WHO WATCHED IN HORROR AS THEIR ACCOUNT balances plunged along with the stock market now face a new challenge: how to generate enough income to pay their bills. A widely accepted rule of thumb suggests that if you hold initial withdrawals to 4% of your nest egg during the first year of retirement and increase that dollar amount by 3% in each of the following years to keep up with inflation, you won't run out of money over a 30-year retirement. Now even that strategy may not be cautious enough, and you may have to rethink your plans for retirement income.