I'm 64 with a large nest egg in my 401k and IRA funds - should I buy an immediate-term annuity to give my younger wife steady income?
Briefly

Trump's recent tariffs have increased stock market volatility, leading many investors to seek safer alternatives such as cash, gold, and annuities. This shift is particularly relevant for older individuals and retirees who are concerned about risking their portfolios in a potentially worsening market. While a market correction can be normal and even beneficial for re-evaluating valuations, there are downside risks to consider, especially with gold and the potential impacts of an impending recession. Annuities might be appealing during volatility for protection, though they may not suit everyone depending on their financial circumstances.
As tariffs and recession loom, investors are shifting from stocks to safer assets like annuities and gold, but caution is advised due to potential downside risks.
Annuities serve retirees well during market volatility, offering principal protection and decent rates, but derisking must fit individual circumstances amid fluctuating valuations and yields.
Read at 24/7 Wall St.
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