Srinagar, April 28 -- Planning for retirement is more than just saving money-it's about ensuring a steady income for a secure future. A retirement annuity is crucial in retirement planning, providing guaranteed payouts that help retirees maintain financial stability. Unlike traditional savings, annuities offer a reliable income stream, reducing the risk of outliving one's savings. Whether through fixed, variable, or indexed annuities, retirees can customise their plans to match their long-term financial goals. Let's explore how annuities can enhance your retirement strategy, ensuring peace of mind and financial security in your golden years.

An annuity is a financial contract between you and an insurance company. In it, you invest a lump...