Don’t fall short with your annuity – consider acting quickly

Millions of retirees could be affected, as European and US debt problems have a negative impact on annuity rates.

This means that if you’re approaching the time when you want to turn your penson pot into an annuity (an income for life) you should consider acting sooner rather than later.

It’s essential that you not only shop around for the best rate, but that you also find out if you qualify for an enhanced annuity, which can mean a bigger income. Minor lifestyle choices such as drinking or smoking and common medical conditions such as high blood pressure or diabetes can enhance your retirement income.

In fact, did you know that 77% of people are missing out on additional income in retirement by not enhancing their annuity?
Source: The Independent & www.MGMadviser.com

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