At What Age Should You Buy Annuities? 
Age could be a factor when purchasing annuities . Product suitability has many components ; one of them is age appropriate for seniors and young workers just starting out . Seniors in their late 70s and 80s can purchase annuities , but should they ? Annuities are ultimately bought for income . If the senior timeline is too short , theyll never recover their original contributions . Young workers generally have many priority needs and purchasing a non-qualified annuity and holding it long enough to escape the 10 % penalty is too long for most . 