An Annuity That Pays Now and Forever

An immediate fixed annuity can provide a lifetime of payments, but there are drawbacks.

EDITOR'S NOTE: This article was originally published in the May 2009 issue of Kiplinger's Retirement Report. To subscribe, click here.

In financially uncertain times, nothing sounds better than a guaranteed income stream that lasts as long as you live. If you are in or near retirement with little time for your nest egg to recover from market losses, an immediate fixed annuity could give you peace of mind.

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