Annuities May Not Be The Answer

In the midst of winter, I found there was, within me, an invincible summer – Albert Camus Is annuity truly an investor’s trusted ally, to be leveraged when regular income dwindles? Or is it actually the nemesis, a hyped idea that delivers more harm than good? In the midst of raging inflation, and in the context of the vast pool of retirement products that clamour for attention, this question has reared its head again. Check the circumstances, so typically considered by those nearing their retirement age. A certain stream of income is expected to go dry. For another to replace it, at least in moderation, a chunk of money has to be invested—preferably earlier, at a younger age—the benefit of which would kick in only later, during one’s retirement years. But would you rather not invest in assets that would aim at both growth and income, to be taken advantage...