When is the best time to consider purchasing an annuity with all or part of your retirement funds?

Question

Quizplus · Accepted Answer

The best time to consider purchasing an annuity with all or part of your retirement funds is when you retire. At this point, you will have a better understanding of your retirement income needs and the current market conditions can affect the pricing and availability of annuities. Additionally, you may be eligible for higher payout amounts due to your age at the time of purchase.

When Is the Best Time to Consider Purchasing an Annuity