John interviews David Blanchett, the Head of Retirement Research at Morningstar, to discuss how to generate retirement income.  With interest rates at historic lows and longevity expectations longer than ever, many retirees face the challenge of having to generate income from their investments for potentially 3 or 4 decades. As a result, many researchers suggest incorporating an income annuity as part of the overall portfolios a way to balance all the various risks.  During the show, David talks about: The different types of annuities, such as accumulation vs. income annuities The benefits of risk pooling and mortality credits The psychological impact of spending down an investment portfolio vs. receiving guaranteed income  How to think about layering annuities into an overall income plan  You can check out more about David here: https://www.morningstar.com/authors/1738/david-blanchett Disclosure: this is not a recommendation for an annuity, but rather a fun and educational conversation so you can talk with your advisor and weigh the pros and cons. See omnystudio.com/listener for privacy information.

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