Annuities provide retirees with a guaranteed income for life but before locking in, here are six reasons why you may want to delay the purchase. The key advantage of an annuity is certainty of income for life and while this is an attractive benefit, it is one that is fixed for life and is inflexible.
But this is not a decision that needs to be made at the point of taking retirement, it can be deferred, and sometimes to your advantage. Here are reasons why it may make sense to delay taking an annuity: 1) Change in annuity rates
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