What Are Annuities And Why Is It Necessary? 
Annuities are a good safe way to save money for retirement . They have a very competitive interest rate , some even tied to stock indexes , they avoid probate , are tax deferred , they can guarantee an income for life , and can be set up to help provide long term care . While the upside would be less than a money market or stock , you do not have to worry about the downside of the market . While I would never suggest you put all your money in an annuity , it provides a good safe base for the rest of your portfolio . 