Income annuities may be a good choice for the long-lived

09/9/2013 | MarketWatch

Single-premium income annuities may be a better option than a managed investment portfolio for healthy people who have a reasonable expectation of a long life during a protracted market downturn, and who are not concerned with leaving survivor benefits, experts say. SPIAs are best suited to retirees who are at least in their mid-70s and who have a longer-than-average life expectancy, experts say.

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