The Headlines – Retirement planning 101: Why you shouldn’t shun annuities – explained

Retirees seeking financial stability should consider annuities, which offer a guaranteed lifelong income stream, unlike volatile market-linked investments. While not offering high returns, annuities provide crucial longevity protection and psychological comfort, ensuring essential expenses are covered without the fear of outliving savings. Experts recommend allocating 25-30% of a retirement corpus to annuities for a balanced portfolio.

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