During market uncertainty, annuities can offer reassuring value

Description

Abstract: Annuities have a reputation for being a slightly stodgy alternative to other types of investments. But these days, stodgy may seem just fine to investors, many of whom are reconsidering the value these insurance contracts offer for their retirement savings. In their ability to provide income throughout retirement, annuities resemble a traditional company pension plan, but in some cases may also provide a death benefit. But there are differences between fixed and variable annuities, and a number of pros and cons to consider when deciding whether to annuitize.