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Peter Katt, principal at Katt & Co., a fee-only life insurance advising firm, and Daniel Gross, who writes the "Moneybox" column for Slate and contributes to the "Economic View" column of the New York Times, explain annuities' appeal for retiring Boomers. Daniel Gross is the author of Pop!: Why Bubbles Are Great For The Economy (Collins, 2007).
Daniel Gross's website
WSJ: "As Boomers Retire, Insurers Aim to Cash In"
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But isn't it true that if you invest $100k, for example, in an annuity and then are hit by a bus in a year, your heirs will receive nothing? I believe you can protect yourself by going with an annuity with a death benefit so I'd like to learn more about this type of annuity. Thanks.
Are deferred annuities a good deal? What are reputable companies for purchasing a deferred annuity?
EVerybody on the show was mentioning the Wall Street Journal Srticle -- what was the title and date of that article? Can I get a copy of it? Am a subscriber to WNYC but not to the WSJ.
susan
thanks
--The BL Show responds:
Here is the Wall Street Journal article (linked posted above as well):
http://online.wsj.com/article_email/SB118187429554336353-lMyQjAxMDE3ODExOTgxNzk0Wj.html
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