When I hear annuity...I hear surrendering your money to someone else who then gives you a fixed sum of money paid each year, for the rest of your life. Then when you die...they keep what is left over. Well, I'm not handing my money over to no one but my wife and kids. I decide what I will live on and who gets my money. I did not manage my money this long only to hand it to someone else. With that said, annuity if fine for those who do not want to keep track of their money or can't make good investment decisions on their own. You can do either. This is just what I prefer.
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