How to Build a Safe and Steady Retirement Income - Dr. Michael Finke Interview

Dr. Michael Finke, a renowned retirement income expert, discusses the importance of annuities in creating a safe and steady income in retirement. He explains how pooling longevity risk through annuities allows retirees to spend more confidently without fear of running out of money. Finke highlights that economists widely support annuities as a crucial tool for securing income, emphasizing that debates revolve around which type and when to purchase them rather than their effectiveness. He also addresses tax-efficient strategies for retirement, stressing the benefits of annuities over traditional fixed-income investments like CDs.