I'd beg to differ!
Often times these annuities will have a 5, 10 or 20 year lock-up on the money. Substantial penalties to exit, wiping out your returns or worse - actually loose money. What if you need a nursing home or big medical expense and you need that money? Then what?
That's something to consider if you are already 65.
You should be in the safest available investments at this point in life - not chasing the maximum returns.
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