DH and I are retired, in our 70's and are thinking of buying an annuity which guarantees a set amount per month.
I can't understand how they can guarantee 5% or more when interest rates are so low. I'd like to invest in the same things they're investing in! LOL!
Annuities used to have a bad reputation but I think they're much better now. We just sold a vacation house and have some funds to invest.