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Are You Retiring Soon and Need Income? An Immediate Annuity May Sound Boring, But Hear Me Out

Latest from Kiplinger ·Ken Nuss·3 days ago
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(Image credit: Getty Images) Planning for your retirement income should start years before you retire. But many folks don't, and when they finally start thinking about how they are going to replace their paycheck , retirement is imminent. Additionally, some people have to retire early because of a layoff or illness. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Fortunately, there's a good solution for procrastinators: An immediate annuity. While not the right answer for everyone, it can be invaluable in closing an income shortfall.…

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