Is a split annuity strategy right for you?

Description

Abstract: The average length of retirement is 18 years, according to the U.S. Census Bureau. And with today’s medical technology, it could last significantly longer. Thus, a major challenge is balancing the need to maintain one’s standard of living while preserving as much wealth as possible for the family to enjoy after death. This article details how a split annuity may be one strategy to consider. It creates a current income stream while preserving wealth for the future.