Financial Advantage

Timing Is Everything: When’s the Right Time to Buy an Annuity?

Not much in life comes with a guarantee – annuities are an exception. These insurance contracts will guarantee you a fixed income stream in retirement. When it comes to purchasing an annuity, your current age and relation to retirement can make a big difference. However, the best age for purchasing an annuity depends on your individual situation and goals. What works well for a person with a higher risk tolerance may not prove suitable for someone only seeking conservative investments and vice versa.

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