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buying an annuity
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7 Questions to Ask Before Buying an Annuity

What to Ask Before You Buy an Annuity Many people reaching retirement are looking for ways to improve their financial security. It is unsurprising that many people are considering buying an annuity. If chosen well, an annuity can prevent a person from outliving their finances. What’s more, it can provide increased protection against a volatile stock market. As annuity will convert current wealth into a steady income, it is vital to make an informed decision. Also, as┬álife insurance and annuity scams are on the rise, an investor should not rush into a plan. So, it is important to ask yourself the following seven questions when buying an annuity. 1. What is the Annuity Process? An annuity is a big financial commitment, so you must have