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While annuities can provide the security of regular payouts, they present problems should you ever need more than your regular cash allotment. First, there are. Typically you should consider an annuity only after you have maxed out other tax-advantaged retirement investment vehicles, such as (k) plans and IRAs. The right annuity for you depends on your financial situation, when you need payments to start—whether immediately or in the future, and the risks you'd like. Ultimately, annuities are designed to help grow, protect, and manage retirement savings turning it into steady, reliable lifetime income when you need it in. Do I need retirement income in addition to Social Security, pension, savings and any other income or investment sources? · When do I expect to need income.
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