Some annuities may be better suited for retirees than others. Before buying an annuity, it's important that you shop among insurance companies to compare rates, benefits and fees.
Many Americans may be retiring today without a pension or other predictable income stream. Annuities may be an option for you to address that situation.
Annuity can also help you increase your retirement income by up to 8% per year with a lifetime income rider.
"Annuities may be perfect for some retirees and pre-retirees. Annuities do have their advantages: lifetime income, inflation protection**, and principal protection."
- ABC News
"Annuities today also offer added benefits that provide a guaranteed lifetime stream of income which won't decrease when the market performs poorly, but which has the potential... to grow when the markets perform well."