Immediate-Variable Annuities Beckon to Aging Baby Boomers Wall Street Journal (10/23/01) Vol. 29, No. 21 p.C1; Clements, Jonathan
As spendthrift baby boomers retire, writes the Wall Street Journal's Jonathan Clements, they can look to immediate-variable annuities to provide income for life. With such an investment, you are able to spread your money across an array of mutual funds. After purchasing an immediate-variable annuity, you receive an initial monthly income. The size of this income depends on, among other things, the amount you invest, your age and sex, and the assumed investment return.