How to Build Steady Retirement Income Without Buying an Annuity
Jean Chatzky's new book outlines practical strategies for retirees to generate reliable income without the cost of annuities.
Financial journalist and author Jean Chatzky has released a new book offering retirees concrete strategies for generating what she calls a "forever paycheck" — a reliable stream of income in retirement that doesn't require purchasing a traditional annuity, according to a MarketWatch report.
Annuities are insurance products that promise guaranteed income, but they often come with steep fees, complex terms, and surrender charges that can erode returns. Chatzky's approach targets retirees and near-retirees who want the security of predictable cash flow without locking their savings into costly financial products.
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While the book's specific strategies are detailed in its pages, the core premise challenges a common assumption in retirement planning — that guaranteed income must come at a premium price. Instead, Chatzky presents alternative frameworks that retirees can use to structure withdrawals, investments, and other assets to mimic the dependable income stream an annuity would otherwise provide.
The concept of a "forever paycheck" speaks directly to one of the most pressing anxieties facing aging Americans: outliving their savings. With life expectancies rising and traditional pensions largely disappearing from the private sector, more retirees are left to engineer their own income security — making guidance like Chatzky's increasingly relevant to millions of households navigating this financial frontier.
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