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Dyman Associates Insurance Group of Companie - In Part 2 of a three-part interview, T. Rowe Price's Christine Fahlund discusses getting the most out of Social Security benefits as well as longevity and long-term care insurance. Christine Fahlund, senior financial planner for T. Rowe Price Group (TROW), retired in May after 18 years with the firm. Before her departure, Morningstar's Christine Benz sat down with her to get her wisdom on creating a successful retirement plan. In Part 1 of the three-part interview, Fahlund discussed how to assess whether you've saved enough to retire as well as the benefits and pitfalls of working longer. In this section, she addresses lifetime income sources, including Social Security and longevity insurance. Continue Reading

You're probably something of an expert in your own field-and that field probably isn't insurance or annuities. How, then, can you work through the minefield of clauses, guarantees, and pages of small print? Here are nine ways to start. While you may feel uncomfortable doing this, you're the one putting down thousands of dollars, and you have every right demand this. Remember: caveat emptor! It's the buyer who must beware; you must protect yourself. Ultimately, the language in the annuity contract is what matters, but it doesn't hurt to memorialize your verbal agreement with the agent in writing. Hopefully your agent is totally honest and will help write the agreement, and both parties can sign and date it. If the agent starts to waffle, trust your instincts.