Who Should Consider an Annuity (and Who Shouldn’t)

You can make your best effort for planning your retirement, but how much of what you are thinking or planning can you actually control? 

You can’t control the market, how long you’re going to live, inflation, health care costs, your health care needs, tax law changes, pension or Social Security solvency, economic shifts, government intervention, the list goes on.

There is so much uncertainty in life. Besides a weather forecast, we don’t know what tomorrow brings for any of us (and even the weather forecast is not always reliable). 

• SEE MORE How to Know When You Can Retire

The reality of what could happen can hit you like a freight train when you begin to think about what you can and can’t control.  All this uncertainty surrounding retirement is why annuities are so popular.  They are a way to transfer risk over to an insurance company and provide some sense of safety for the future. This concept is nothing new.  We transfer risk to insurance companies for all sorts of things and rely on them to cover