Product Allocation
Should you divide your retirement money up between a stock/bond portfolio, a SPIA, and a VA with living benefits? Not so fast.
Should you divide your retirement money up between a stock/bond portfolio, a SPIA, and a VA with living benefits? Not so fast.
Moshe Milevsky's book makes a great case for pensionizing some of your nest egg, but falls short when explaining exactly how to do so.
Variable annuities (VA) are an insurance product that is best described as a mutual fund wrapped in an insurance wrapper and covered with fees. They have several advantages over mutual funds (in a fu...