Annuity Allocation in Retirement Income Portfolios

Professor Moshe Milevsky says annuities should be a part of retirement income portfolios.

Mr. Milevsky is a professor of Finance at the Schulich School of Business at York University, Toronto, Canada.

Variable annuities are long-term, tax-deferred investments designed for retirement, involve risks and may lose value. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½. 

Annuities involve risks and may lose value.

Moshe Milevsky was paid for his commentary. His views do not necessarily reflect those of Jackson®.