3/10/2013 – Cheaper Annuities with ‘Benefits’ (Wall Street Journal)

With markets volatile and corporations scaling back defined-benefit pension plans, those in or near retirement are paying high fees to transform plain old variable annuities into a source of guaranteed income for life.

But now, a handful of companies are rolling out lower-cost versions of these investments for those willing to give up some benefits, such a feature that bumps up your future guaranteed income if you delay taking withdrawals.

Read the full article at the Wall Street Journal.