An Annuity For Retirement — How To Buy

Before shopping, determine what role the annuity will play in your plan. Common goals include:

Five reasons people purchase annuities and why some shouldn't how to buy an annuity for retirement

Buying an annuity involves exchanging a lump sum of money for a guaranteed stream of income, often for the rest of your life. Because these are long-term contracts that are generally irreversible once started, following a structured process is essential to avoid costly mistakes. Before shopping, determine what role the annuity will