How To Buy An Annuity For Retirement Apr 2026

Buying an annuity involves exchanging a lump sum of money for a guaranteed stream of income, often for the rest of your life. Because these are long-term contracts that are generally irreversible once started, following a structured process is essential to avoid costly mistakes.

Five reasons people purchase annuities and why some shouldn't how to buy an annuity for retirement

Before shopping, determine what role the annuity will play in your plan. Common goals include: Buying an annuity involves exchanging a lump sum