Annuity

Guaranteed income for life: Annuities can provide a steady income stream that you cannot outlive, giving you peace of mind in retirement.

Tax-deferred growth: Your earnings grow tax-deferred until you make a withdrawal, allowing for more compounding over time compared to taxable investment vehicles.

No contribution limits: Unlike 401(k)s and IRAs, non-qualified annuities have no annual contribution limits, making them a potential option if you've already maxed out other retirement plans.

Market protection: Fixed annuities protect your principal from market downturns, and indexed annuities offer some downside protection.