Tips, News and Stories for Older Adults
"Tips, News, and Stories for Older Adults" delivers weekly insights tailored for seniors. We bring you summaries of curated news, practical advice, and inspiring stories that matter to the 55+ community. From health and finance to technology and lifestyle, our content keeps you informed and engaged. Sourced from trusted outlets, each episode offers valuable information for navigating your golden years. Join us as we explore aging with positivity, wisdom, and engaging stories. Your perfect companion for staying active, learning, and embracing life's later chapters.
Tips, News and Stories for Older Adults
Annuities and Inflation: Protecting Senior Retirement Income
Source article: https://www.cbsnews.com/news/what-seniors-should-know-about-inflation-and-annuities-september-2025/
The article from CBS News addresses the impact of rising inflation on seniors and their retirement income strategies, particularly concerning annuities. It highlights how fixed annuities can lose purchasing power over time due to inflation, posing a significant challenge for those on fixed incomes. The piece then explores alternative annuity options like variable and indexed annuities, which offer potential for growth linked to market performance, though with varying levels of risk and complexity. Finally, the article discusses inflation protection riders as a direct solution to mitigate the erosion of annuity payments, emphasizing the trade-offs between initial income and long-term growth.