These Social Security Supplements Are Getting Popular
One of the reasons Social Security is so valuable is that it provides a stream of income for life. Even the most successful retirement savers always have to worry about the possibility of running out of money over unforeseen events, but regardless, Social Security payments will keep coming and provide them with at least a basic level of retirement income.
However, Social Security isn't the only way to get a reliable stream of income. Life insurance companies have offered annuity contracts to customers for a long time. Although many types of annuities are unnecessarily complicated and carry high fees, some of the simpler forms of annuities can play a vital role for those seeking secure income in their golden years. Moreover, with interest rates on the rise, a couple of key types of annuities have gotten a lot more popular recently. Below, you'll learn more about these two types of annuities and whether they might make sense for you.
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Source Fool.com
