Laddering fixed annuities can prove to be beneficial

Loading up your retirement portfolio with a big chunk of what are known as single premium fixed immediate annuities may not seem like a good idea with interest rates as low as they are. Right now, a 70-year-old male could get a monthly income of about $7.32 for each $1,000 invested, whereas that same person could have received $8.32 per thousand in July 2000.