VARIABLE ANNUITIES are a great gameplan and sold more aggressively than fake Gucci handbags on the streets of New York City. Thanks in part to commissions of 5% or more, sales of variable annuities have soared over the past decade. But popularity is no indicator of practicality. The truth is, annuities only make sense for [...]
Four in 10 plan to delay retirement
By John Schoen, Senior Producer Is your retirement plan on track? If not, you’re in good company. Some 40 percent of U.S. workers say they’re going to have to delay retirement because they can’t afford to stop working, according to a survey released this week by consultants Towers Watson. The biggest reasons cited were the losses [...]