Buying annuities is one way to guarantee that one will have enough money when they retire. And, when you think about it, there aren’t that many products that can make such a claim. But, wait a minute? What about Social Security?
While it’s true that Social Security can provide a retirement income, it might not be enough to live comfortably.
To be blunt, many people don’t have enough money for retirement solely from Social Security. And, since pensions are going the way of the Dodo, you can’t bank on this income either.
