Terrible Returns, Guaranteed for Life
The next time you get pitched about the virtues of immediate annuities, keep this article in mind. As a former U.S. Air Force officer, I have dealt with USAA insurance company for decades. It's a terrific firm for auto, renters and homeowners insurance, and I'm assuming it's also much better than average in what it offers in other insurance products.
My latest issue of USAA's monthly magazine for policyholders contained a full-page advertisement titled "A paycheck for life." The presentation noted that those nearing or living in retirement need to turn hard-earned savings into income, and that most people choose one of the following alternatives:...420 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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