Using Annuities to Manage Longevity Risk

Annuities are the only financial vehicle that guarantee to pay someone monthly income for as long as they live to deal with the longevity risk/nAnnuites serve a dual purpose as a guaranteed income in case the stock doesn't perform well/nAnnuities should be included in an income strategy to protect if you live to a very old age and it is typically recommended to start it in the 11th year/nThe portion of the money that needs to be allocated in an annuity typically ends up being between 20% and 30%