CANNEX

Should I Buy an Income Annuity?
 
When purchasing an income annuity, there can be a trade-off between the amount of income you receive versus the amount of estate you leave. This analysis demonstrates this trade-off and discusses the potential benefits of allocating a portion of one's retirement savings into an income annuity.
 
Income Annuity Information
 
Annuity Type
Select the type of annuity that you are interested in
Single Life
Joint Life

Age
Select the age that is closest to your own
60 years old
75 years old

Total Investable Savings
Select the amount of money that you have saved for retirement
$100,000
$1,000,000