evo terra's tumblr experiment.

ABC News columnist supports annuities

ABC News columnist David McPherson recently suggested people consider buying their own pension. From the article:

In a difficult investing environment, one of the best protections you can have against market uncertainty is a guaranteed stream of income from something like a traditional pension plan.

His suggestion? Get an immediate annuity. He goes on to compare the “traditional” pension plan with an immediate annuity, pointing out the similarities and differences. The article also contains some great example math, with very good and clear explanations. Check it out!