I want to have the opportunity to delay buying an annuity in the hope that annuity rates improve

Annuity rates have fallen over the last 20 years and are expected to remain low for the foreseeable future. Once an annuity is bought then you can't go back and negotiate better terms if market annuity rates improve. For that reason some people prefer to wait a few years to see if annuity rates rise. They may also want to delay buying an annuity until they are older as annuity rates are generally higher for older ages, or if they think they may later qualify for an enhanced annuity because of health or lifestyle reasons.

If you want to delay buying an annuity until later, and are willing to accept the risk that annuity rates may fall even further, then you should give this option high priority. 


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