: Since an annuity is a long-term contract, the insurer must be financially stable to pay you out years from now.
: Many retail banks sell annuities through their investment or insurance departments. where can i buy an annuity
Advisors can help determine if a fixed, variable, or indexed annuity fits your retirement goals. Critical Steps Before Buying : Since an annuity is a long-term contract,
You can buy an annuity from three main types of financial institutions: , banks , and brokerage firms . Where to Buy where can i buy an annuity
For example, a $100,000 annuity might pay anywhere from $446 to $1,150 per month depending on the insurer and your age.
They are a convenient option if you already have a relationship with the institution.
: Payouts vary significantly between providers.