"Boston Deferred Annuity"
Shopping Around for an Annuity Quote
More and more people in Boston are choosing to get an annuity quote and buy annuities from insurance companies for several reasons. The most common reasons are as a means to supplementing income, and as an alternative form of savings for retirement. Annuities are contracts between an individual and an insurance company. The individual chooses to deposit a large sum of money into an account, and then, after a given period of time, they begin
Read more »
Maybe What We Need is a Deregulated Individual Defined Benefit Plan
... as a higher rate than is currently permitted by Individual Retirement Accounts (IRAs). A recent article by Scott Burns in the Boston Globe has re-ignited this discussion among a bunch of my pension geek friends. The article was titled " ... a defined benefit plan. One of the suggestions in the article was for workers to convert some of their retirement savings into a lifetime annuity. I think this misses the point. In 2008,
Read more »
