Our daily roundup of retirement news your clients may be thinking about.
How best to generate lifetime retirement income? Systemic withdrawals and immediate annuities are two viable options for seniors to have a steady income throughout retirement, according to an article on CBS Moneywatch. When deciding on what option to take, clients should first decide which is more important for their situation: ensuring a higher retirement income or leaving something behind for their loved ones. Annuities are a better choice if clients expect a longer life span or get lower returns from investments, while systematic withdrawals is more beneficial for those with strong investment yields and shorter life span. --CBS Moneywatch
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