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Kiplinger
Kiplinger
Business
Ken Nuss

Are You 'Too Old' to Benefit From an Annuity?

(Image credit: Getty Images)

Annuities are designed to help you save for retirement. But is it wise to buy an annuity in your 70s or 80s?

It can be. At this age, most people need and want to reduce their risk and generate reliable income — two things that annuities do well.

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