Is an annuity still worth it in today's economy? Experts weigh in

Before you buy an annuity, make sure you do your research to determine whether it's really the right move. PM Images/ Americans are facing some serious economic headwinds right now. Gas prices are soaring, interest rates remain high, and, as of the government's latest data, inflation is now at its highest point in almost three years. Naturally, those hurdles have many people worried about their money — and, more specifically, where exactly to invest it. One option to consider, especially if retirement is looming, is an annuity , which is a unique insurance product that you purchase and receive a steady stream of income in return. Given today's economic conditions, though, there are some unique considerations to take into account before you do that. So, what do retirement experts have to say about using annuities right now? Compare your top annuity options and find the right fit now . Why an annuity could still be worth it in today's economy Annuities offer you guaranteed income , meaning that they're generally a good way to insulate yourself from today's volatile market, which is constantly in flux due to geopolitical conflicts, tariffs and other ongoing economic tensions. "A big benefit is knowing each month — no matter what the stock market or other investment solutions are performing — that your income check from the annuity will arrive," says Eric Elkins, CEO of Double E Insurance and Financial Solutions. …