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Understanding annuities

Key Takeaways

  • An annuity can be an additional source of predictable income in retirement.
  • It’s recommended to annuitize only part of your retirement savings.
  • Be sure you understand what you're purchasing and consider fees.

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Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.

This information is intended to be educational and is not tailored to the investment needs of any specific investor.

Views expressed are as of the date indicated, based on the information available at that time, and may change based on market or other conditions. Unless otherwise noted, the opinions provided are those of the speaker or author and not necessarily those of Fidelity Investments or its affiliates. Fidelity does not assume any duty to update any of the information.

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