4. Guaranteed lifetime income. While a variable annuity with living benefits has become a popular choice with annuity investors, this isn’t your only option for guaranteed retirement income. You could also convert your tax-deferred annuity into an immediate annuity that gives you a stream of regular income either for a specified number of years or for life. Again, this income stream will depend on the claims-paying ability of the insurance company.
[fbcomments url=”http://urbanmoney.org/project/7-ways-to-improve-retirement-with-tax-deferred-annuities-4/” width=”790″ count=”off” num=”30″ countmsg=”wonderful comments!”]