What Is The Purpose Of Annuities? 
Annuities to keep it simple are great when you have saved for years and want some tax breaks we know that the culture we live in is just taxes , taxes and more taxes.Then you have inflation which will consume your retirement like nothing you have ever seen that 's just a couple reasons to purchase an annuity then add in the higher tax bracket as we age and start our social security and now were being taxed at 50 % - 85 % we just ca n't afford to lose that kind of money when we decide to hang it up . A good rule of thumb is to get at least three bids on your savings and look them over good this is your retirement take it serious . 