I read a recent article in Wealth Management, "Longevity is the Biggest Risk Facing Clients Today". The advisor-authors laid out all the reasons clients should be worried about longevity—increasing life expectancy (nearly 1/3 of a client’s lifetime may be spent in retirement) and historically low interest rates—yet somehow managed to never use the word “annuity”! An annuity is the only product specifically designed to address longevity risk!
January 23. 2020