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A recent study found that incorporating annuities into your retirement strategy can increase lifetime income but it ultimately depends on your unique situation.

Key Takeaways for Retirees:

📌 More Retirement Income: Annuities can increase how much you can safely spend in retirement

📌 Protection Against Outliving Your Money: They provide a steady income for life

📌 Less Market Risk: Your income won’t depend on stock market fluctuations

Bottom Line: If your goal is financial security and maximizing spending, annuities can be a smart addition to your retirement plan. It’s most helpful to partner with a financial professional to determine the best option for you.