Is a variable annuity a good choice for retirement or your investment portfolio?

Would you give up part of your retirement account for an annuity?

Right now, the so-called “three-legged stool” of retirement income is rapidly losing its legs. Social Security was never a program designed to provide an adequate retirement income — it has always been considered supplemental. By the time I retire, Social Security may not even be a contender. Few companies offer pensions anymore, and if you are close to retirement right now, your tax-advantaged retirement account may be losing value. Which means you need something else to help keep you going. Here are 3 ideas for additional retirement income:

Reverse mortgage. If you have equity in your home, especially if you have …read more