QUIZ: Are Annuities Right For You?

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As traditional sources of guaranteed retirement income — such as pensions — disappear, many retirees are wondering where to turn after suffering through a severe market downturn in the past decade. An annuity may be the answer, but not all annuities are alike, and some may not be appropriate for you.

Take our ten-question quiz, brought to you by Kiplinger, to see how much you know about these products and whether you should invest in them.
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4% Rule? How To Draw Down Your Retirement Savings

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Saving for retirement is challenging, no doubt. But if you want to know what’s really tricky, consider spending that money in retirement. Retirees in the past often relied on a simple rule for retirement income: Draw down 4 percent of your savings every year and you will be all set. But the retirement landscape has changed.
For one thing, people are living longer, and their money has to last all that time. One in four people who are 65 years old today will live to age 90, and one in 10 will live to 95.
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6 Habits of Successful Retirees

coinTree Creating good, healthy habits in retirement creates a fruitful, rich and rewarding retirement.
Habits can be measured in many ways, what we eat, how often we exercise, saving money for retirement every month.  However, not all habits will bring you down a path toward financial stability.  Listed below are 6 habits of successful retirees that can help you with retirement:
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Annuities 101: Is An Annuity Right For You?

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What is an Annuity?

Despite the fact that many people are familiar with the term ‘annuity’, many might not understand what it actually means or how it can be used to help them plan ahead for a successful financial future.

Simply put, an annuity is an insurance product that will pay you income based on money that you have previously put in. An annuity is commonly used as part of a retirement strategy. They are often popular choices for investors who wish to see a regular and steady income stream in their retirement. According to the Government Accountability Office, annuities can be an important part of an overall retirement plan.
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Tips for Avoiding an Out of Money Experience

Do you run out of money before you run out of month? Many do, but it doesn’t have to be that way! Wealth is the result of widening the gap between what you earn and what you spend. Most of us make the mistake of ramping up our spending as our disposable incomes rise. This is self-defeating. If you do not develop a respect for money, it will always elude you.

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