It isn’t about being good or bad. It is about being appropriate or inappropriate for what you are trying to accomplish. If you want to create guaranteed retirement income with annuities, there are several choices. Fixed annuities can be a reliable investment because the investment returns are predictable. The rates for the fixed annuity come from what the life insurance company creates from its investment portfolio. These are invested in government bonds and high-quality corporate shares. Your insurance company is responsible for paying the promised rate according to the annuity contact. This means you can select a plan that suits your needs. Your life insurance company also ensures the money you invest is secure. Insurance companies also offer fixed index annuities and variable annuities, so there is probably something available for almost everyone, depending on what you want your money to do for you.