Wayne Morris

Annuities are insurance contracts that create guaranteed income streams; payout timing can be immediate or deferred, while growth depends on the annuity structure.
Fixed annuities offer a set return, variable annuities track securities, and indexed annuities link performance to a market index for growth potential.
Not every annuity fits every retiree: some plans carry high fees, limited growth potential, surrender periods, or withdrawal penalties that matter when comparing options.
For risk-averse Americans, annuities can ease fears about outliving savings and make retirement budgeting simpler by turning part of a portfolio into predictable income.
Some options ranged from $1K minimums to age-85 availability, and a financial advisor can help align payout timing, fees, and features with retirement needs.

Annuities Guarantee Retirement Income

A federal survey found 18% of US adults carried medical debt in 2025, showing how quickly care costs and lost income can strain budgets.
Even insured households can face deductibles, copays, coinsurance, and uncovered services, while one emergency or procedure can displace money set aside for rent or groceries.
Emergency treatment often left little time to compare prices or networks, and bills could arrive from ambulances, tests, specialists, prescriptions, and follow-up visits.
Repeated appointments, therapy, and prescriptions can keep pressure on budgets, especially when illness cuts work hours and families turn to credit, loans, or relatives.
Review bills for errors, confirm network status before scheduled care, and ask providers about payment plans, assistance, or negotiated balances before unpaid charges reach collections.