I guess the only situation I can think of is if you expect to live a very long time (90+), then an annuity may be the better option.
Are there situations where an annuity is the better idea than index funds? I’m kind of confused as to which is a better retirement vehicle to supplement social security.
I’m thinking I may need $1000-1500 a month in investment income to supplement SS to feel comfortable. I believe buying a $100,000 annuity at 50 will give me nearly 1k a month when I start collecting on it in my mid 60s. but I’m wondering if just putting 100k in index funds at 50 is the better option.