As Americans get older and the stock market goes through a periodic decline, the temptation to decrease risk over fears of running out of money makes people turn to annuities, according to the recent New York Times article entitled “Annuities as an Alternative to Shaky Markets? Not So Fast.” Single Premium Immediate Annuities (SPIA) are an especially enticing option as Americans near retirement, because by paying an upfront premium, persons can draw a payment periodically for the rest of their lives.  Continue Reading …