How to know if an annuity fits your plan
An annuity might make sense if:
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You’ve already built some savings or have other retirement income, but you want one reliable monthly stream to cover basics (like housing or groceries).
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You’re in your late 50s to early 70s and want to lock in peace of mind for retirement years.
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You’re not planning to use the money anytime soon — because annuities aren’t designed for quick withdrawals.
On the other hand, skip it (or wait) if:
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You’re still paying off debt.
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You’ll need access to that money soon.
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You haven’t maxed out other retirement tools like 401(k)s or IRAs that might have better growth potential.
The right annuity should complement your existing plan, not replace it.
