Thursday, August 20, 2015

How Not to Run Out of Money in Retirement

Jack Otter, the editor of Barron's Online, interviews Texas Tech University Professor, Personal Financial Planning, Michael Finke in this video.  They discuss a new breed of annuity and a new law, that offer a strategy to help retirees guarantee income in their later years:

Putting aside $125,000 from your tax protected retirement fund so that it is not subject to the mandatory withdrawal and guaranteeing an income at age 80 has attractions.