Annuity Purchase Decision

Why This Matters

Guaranteed income is real; so are the fees hiding inside the guarantee.

Strip It Down

Which flavor (SPIA vs indexed vs variable)

All-in fees extracted in writing

Inflation protection priced

Insurer ratings checked

Simple alternative (bonds+SS) compared

Gotchas & Consequences

Indexed annuity caps quietly eat the upside they advertise.

Surrender periods lock money through the years you might need it.

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