Retirement Annuities: Avoid These 10 Blind Spots for a Secure Future

• Understand different annuity types (Guaranteed, Variable, Immediate, Deferred) and avoid single-life annuities if married.
• Prioritize inflation protection and flexibility for withdrawals, payout changes, and top-ups in your annuity plan.
• Avoid locking up excessive funds; ensure liquidity and consider digitally-enabled providers for simplified processes.
• Shop around, assess the issuer's financial strength, and understand tax implications before committing.
• Align your annuity choice with your comprehensive retirement strategy and other existing income sources.

Why It Matters: Careful evaluation of annuity types, flexibility, and provider strength is crucial for a secure retirement.