What is the Role of Annuities in a Retirement Plan ?

Retirement expert Ed Slott joins the discussion to break down the critical role annuities play in a secure retirement plan. He emphasizes the importance of guaranteed income to protect against market volatility, especially for retirees who no longer have time to recover from downturns. Ed shares personal stories, including how annuities provided his mother with financial security and peace of mind, ensuring a steady stream of income regardless of market conditions. He also highlights the dangers of bad financial advice circulating online and stresses the need for balanced retirement planning that incorporates both market exposure and guaranteed income.