Annuities6 min read
An annuity is a contract with an insurance company designed to convert savings into a stream of income, either starting soon or at a future date. The appeal is predictability in a part of life where predictability is valuable.
The trade-offs matter: access to funds, surrender periods, fees and how income is calculated all vary by contract. Understanding those terms before signing is the difference between a good fit and an uncomfortable one.
We walk through your retirement timeline, income needs and comfort with risk, then explain how each option would actually work for you in clear terms.
