Which Annuity Is Right For You? 
It depends upon your age , time to retirement , tolerance for risk and your ordinary income tax bracket . Some conservative savers life a locked interest rate of a fixed interest rate and like the fact that you pay taxes only when you use it , unlike CD interest that is taxed whether you use it or not . Some seniors like the guaranteed income they cant outlive with lifetime immediate annuities . Some midlife savers like indexed annuities while midlife investors like variable annuities . It depends on many factors to arrive at a right annuity purchase . 