Fischer’s advice to steer clear of annuities is good advice.
Fisher sent me a four page brochure which was packed with good advice and common sense. It was exceptionally good for that kind of thing, but nothing that I either didn’t already know, or if I didn’t, nothing really useful.
Annuities are a funny thing. I can see the drawbacks, but I was considering them at one time to protect my wife. She is prone to overspending and panic. If I die before her she could go through our not insignificant savings long before she dies at 98 like her aunt, or will be so afraid to spend a nickel that she will live like a miser. An nice regular annuity check - preferably a paper check - could help her strike a balance between over caution and overspending.