Should I Buy An Annuity ★

You cannot outlive your money. An annuity provides a stable, guaranteed paycheck for life, regardless of how long you live or how the stock market performs.

You lose control over your lump sum. Once you buy an immediate annuity, that money is generally gone—you can't withdraw it for emergencies, and there is often nothing left for your heirs when you pass away. When It Generally Makes Sense should i buy an annuity

If your fixed income (Social Security/pensions) doesn't cover your basic living expenses, an annuity can bridge that gap. You cannot outlive your money

If you expect to live well into your 90s, an annuity protects you from the risk of running out of money in your final years. guaranteed paycheck for life