If annuity makes sense, then which one?

  • by: CHRIS FARRELL , Star Tribune
  • Updated: February 24, 2008 - 11:46 AM

Q1. My wife and I are retired, we are losing money in our mutual funds, and we are considering buying an annuity so that our money is more secure. I am 67 years old and she is 62. She is a housewife, and I want to be sure that she will have money to live on after I'm gone. I would like to know if it is best to buy the annuity? If so, which one would be a good one?

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