Unsure if an FIA will fit your retirement plan? In the video Using Annuity Riders in Retirement, personal finance expert and author Laura Adams provides a simple explanation of FIAs and how optional riders can help safeguard your retirement savings.
The video includes easy-to-understand overviews of the following annuity riders:
- Nursing Home or Long-Term Care Riders, which allow you to access your annuity funds if you need long-term care either at home or in a nursing facility.
- Terminal Illness Riders, which allow you to access your annuity funds immediately without any fees or penalties if you become terminally ill.
- Lifetime Income Riders, which provide a guaranteed income stream from your annuity for your entire life.
Laura Adams is a personal finance expert, award-winning author, spokesperson, and host of the top-rated Money Girl podcast. For more information about using FIAs to manage health care costs in retirement, you can read Laura’s latest article on The Huffington Post.