Article - Annuities can limit longevity risk, expert says

Great article this morning shared by Mike over at Global Financial, couple of excerpts below and link to the full article at the bottom. I don't know if you could ask for a stronger endorsement for annuities than the first sentence below...

By integrating annuities into financial plans, advisers can take precautions against their clients’ outliving their assets, according to a retirement income planning expert.

Defined-benefit pensions, Social Security payments and annuity income would fall under lifetime income sources. They would be used to pay essential expenses, including food and housing. Meanwhile, income from assets — a 401(k), an IRA or taxable income — would cover discretionary expenses.

“Using lifetime income sources allows clients to be less nervous about the income coming from their assets,” Mr. Dolan added.

Link to Full Article