Today’s Cash For Tomorrow’s Income Stream

I previously commented on the dilemma of one who has too much cash and not enough risk-based investments, yet is deterred from investing because of high valuations. I suggested that buying value stocks would be logical, as it would reduce cash levels and presumably skirt the valuation problem. However, a reader wondered if an annuity purchase would address the “too much cash” problem. I explain how it actually might do so.Learn more about your ad choices. Visit megaphone.fm/adchoices