Annuities are often sold as safe retirement income tools. But once you lock in a payout option, it’s usually permanent. Many retirees later regret the choice they made—whether it’s too little flexibility, too much risk, or leaving heirs unprotected. Picking the wrong payout locks you into decades of consequences. Understanding these regrets helps future retirees avoid the same traps. Here are eight annuity payout options that people often regret choosing.
