Retirement: This Video Will Completely Change Your View on Annuities
Well, maybe not, but it's an interesting video.
If you collect a Corning pension as monthly payments, it's an annuity. For some people, the anxiety of having their retirement nest egg invested in the stock market is too great. For those people, an annuity, which brings regular income in good times and bad, may be worth a look.
The most interesting part of this video for me was the human psychology. His client added an annuity, which brought his fixed income up to an amount where he felt comfortable being more risk taking with his remaining retirement nest egg.