8/19/2013 – The income annuity puzzle: Why don’t more people use them? (Reuters)

Economists have long argued that there’s a perfect financial product for retirement: the humble immediate income annuity.

It’s a straightforward proposition: Fork over a big chunk of cash to an insurance company, which starts sending a monthly check when you retire – or later. The cash keeps coming as long as you live.

Read the full article at Reuters.