Retirement specialists at a financial services company have written a paper that compares 4 popular strategies for converting savings into income.
The authors consider the advantages and disadvantages of mutual funds with automated income payments; variable annuities with guaranteed minimum withdrawal benefits; income annuities; and annuity-mutual fund combinations.
When comparing the income vehicles, the authors write about factors such as guarantees, market risk, access to the account balance, and potential for growth.
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