Who Are Annuities Good For? 
Annuities are good for providing an income stream during retirement . They also are a good way to put away a lot of money in a tax deferred vehicle because there is no annual contribution limit for an annuity . Annuities can also be used to save for a child or grandchild 's education , create a trust fund , or provide income to your spouse or children after death . Talk to a financial advisor with experience in annuities to see how fixed annuities or indexed annuities can work for you . 