5 Tips for Buying an Immediate Annuity. Again, this writer has hit it on the head.
Other good advice is to split major amounts of money so that each annuity is covered by whatever insurance is available.If there is,and I believe there will be,another September 2008 you will be very glad you took this precaution.
No one,and I mean no one,cares about your money more than you.This is not an obligation you can pass to an advisor or your brother or sister; you need to look after it yourself.