20 Amazing Things Retirees Should Do With Their Money

Invest in a Variable Annuity With a Guaranteed Income Rider

A variable annuity with a guaranteed income rider is another investment option for retirees looking for both income and growth. Also known as a guaranteed minimum income benefit, these types of annuities offer the potential for market growth but still guarantee that investors will receive at least a minimum amount of income.

This type of hybrid investment can make sense for retirement-age investors who can’t risk their entire portfolios in the equity market.