WARREN INGRAM: Living annuities a good option for specific retirees
They offer flexibility to change investments to suit your overall portfolio and are a good way to leave assets to your children
If you are retired or close to retirement and have been doing some reading about the best options for your retirement money, you might be very confused and worried.
First, returns from investments have been poor over the past five years and some commentators are slating living annuities as bad investments. This is a complete change from 10 years ago when living annuities were the default for most retirees.