Reported 2 days ago
Claiming Social Security before full retirement age can significantly reduce monthly payouts. For early retirees, annuities can serve as a financial bridge until they qualify for higher benefits. This article outlines how to select and structure an annuity, including choosing a specific term, exploring single-premium immediate annuities for consistent payments, and the importance of comparing quotes. While annuities offer stability and predictability, they're best suited for individuals with substantial savings, as many lower-income workers may find such products unfeasible.
Source: YAHOO