Are annuity plans essential for retirement planning? Check types and other details

Are annuity plans essential for retirement planning? Check types and other details

Retirement from a job or occupation is inevitable, and with it comes the end of a regular source of income. Yet, expenses don’t retire. In fact, they often rise, especially with inflation and healthcare costs. For someone who has been the financial backbone of their family, this transition can be daunting if you have not planned your post-retirement life. Combine this with average life expectancy, which has risen over the years in our country an…