Annuities can seem attractive to many retirees. It is a regular paycheck into your account. It’s an easy way to turn your lump sum savings into a regular fortnightly income.

One of the main annuity providers in New Zealand is Lifetime Income. You invest your money with them and you are guaranteed a certain amount of income every fortnight for the rest of your life. Even if your investments lose money, Lifetime income will still pay you the same flat amount every fortnight. If your investment balance grows, so does your fortnightly income.

Sounds amazing right […..]