Annuity sales are breaking records as more people, attracted partly by higher interest rates, see them as a reliable source of retirement income. But they're not for everyone.
Elaine Silvestrini is a Senior Editor at Kiplinger. She focuses on a diverse range of topics including personal finance, health and wellness, and social issues, with particular attention to Social Security and the intersection of culture and society. Elaine's work has been featured in Yahoo Finance, BOND, CLIVE L, and Kiplinger.