By Ramsey Smith
SPIA versus DIA: The Basics

Single Premium Immediate Annuities (SPIAs) are a great choice for financial planners or retirees who covet long term predictability and security throughout retirement. In exchange for a lump sum premium payment, a SPIA provides a fixed monthly payout for the lifetime of the annuitant. The payout amount is based on the current age and life […]

By Ramsey Smith
Monthly Income Is the Real Pot of Gold

Surprise!  Annuity providers aren’t the only ones focused on income streams in retirement.  Economist and Nobel Laureate Robert Merton has long argued that defined contribution plans like 401(k)s don’t do enough to convey to employees that they will need to convert their account balances- what may seem like a “pot of gold” at first glance- […]