Annuity

I work in banking and I see a lot of elderly with fixed income annuities. These are people who had the foresight to save additional money for their retirement. Nowadays, just relying on Social security is no longer enough to sustain a good lifestyle. Some find it surprisingly difficult to have their income reduced drastically. A lot of retirees with fixed income are finding themselves back in the work force for the extra spending money. Nothing wrong with that, I suppose, but I still am for saving more for retirement!