Just about all of us will need income in retirement, and one often-overlooked source of it is annuities. Buying an annuity typically involves paying a significant sum to an insurance or investment company in exchange for their promise to make a series of payments to you over time. Annuities can provide very dependable dollars for long stretches of time, but they're not without some drawbacks. Here's a quick review of the pros and cons of annuities that can help you determine whether they might make sense in your overall retirement plan.
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