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    Annuity Basics

    Who Should Consider an Annuity?

    Annuities aren't right for everyone — but for the right person at the right time, they can solve retirement income problems no other product can.

    Diverse group of retirees chatting in a bright community space
    Annuities tend to fit retirees who value guaranteed income and certainty.

    Good Candidates for an Annuity

    • Pre-retirees and retirees who want guaranteed income to supplement Social Security.
    • People without pensions who want to create their own paycheck for life.
    • Those concerned about market risk as they approach or enter retirement.
    • Individuals worried about longevity — living into their 90s or beyond.
    • Conservative savers who value certainty over maximum growth.
    • Couples who want continuing income for a surviving spouse.

    When an Annuity May Not Be the Best Fit

    • People who need full liquidity for upcoming large expenses.
    • Younger savers focused primarily on long-term market growth.
    • Those who already have substantial guaranteed income from pensions and Social Security.

    The Bottom Line

    The right question isn't "should I buy an annuity?" — it's "does part of my retirement income need to be guaranteed?" If the answer is yes, an annuity may deserve consideration.

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