Is an annuity still worth it in today's economy? Experts weigh in
Annuities can have some unique perks — but also some concerning drawbacks — in today's uncertain climate.
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Americans are facing some serious economic headwinds right now. Gas prices are soaring, interest rates remain high, and, as of the government's latest data, inflation is now at its highest point in almost three years.
Naturally, those hurdles have many people worried about their money — and, more specifically, where exactly to invest it.
One option to consider, especially if retirement is looming, is an annuity , which is a unique insurance product that you purchase and receive a steady stream of income in return. Given today's economic conditions, though, there are some unique considerations to take into account before you do that. So, what do retirement experts have to say about using annuities right now?
Compare your top annuity options and find the right fit now .
Why an annuity could still be worth it in today's economy