Yes, I Finally Bought an Annuity

March 11, 2020 by Kerry Pechter

Deciding to buy the contract wasn’t easy. Maybe it wasn’t even rational. But we feel relieved. We don’t sweat these short-term market slides.

Last week’s market bungee-jump told me that my wife and I were right to buy an income annuity in late 2018. We bought a deferred period-certain contract that will deliver monthly income for our first 10 years of retirement.

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Originally Posted at Retirement Income Journal on March 5, 2020 by Kerry Pechter.