How To Annuitize Your 401k
For many years annuities have received some bad press. Big names such as Suzi Orman and Dave Ramsey have made negative comments on certain types of annuities. And even many financial planners bashed using traditional annuities like SPIA’s due to annuitization. You see, annuitization basically means forced income and in some instances your beneficiaries might lose out if you passed away early. There are so many misconceptions about annuities due to these SPIA’s (single premium IMMEDIATE annuities). For instance, the average Joe hears “annuity” and...
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