By David Merkel, CFA of Alephblog Those that have read me for a long time know that I am a proponent of immediate annuities. Though they pay a fixed stream of income, they are more useful than bonds, because they provide longevity insurance; they can be tailored to prove an income that you can’t outlive, for you and your spouse. But I got really annoyed when I saw an ad that said the following: 7% Income...
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