Reported 2 months ago
The article discusses the potential pitfalls of depending entirely on pensions and annuities for retirement income, particularly for individuals like Minnesota Governor Tim Walz, who have little investment in stocks or bonds. It highlights the risks of being 'over-annuitized,' which can lead to challenges in accessing funds during emergencies or making large purchases. Experts advise diversifying retirement savings by exploring options like Roth IRAs and 457 plans to ensure greater financial flexibility and security.
Source: YAHOO