Now, when might you consider an annuity? Well, if you're looking for a reliable stream of income during retirement, an annuity could be a valuable tool. It can offer stability and security, ensuring you have a steady paycheck even if other investments fluctuate.

But here's the thing: annuities aren't a one-size-fits-all solution. Because the money can be contractually obligated to stay at the insurer for a period of time, it's crucial to understand your financial goals, risk tolerance, and overall financial situation before diving in. What makes sense for one person may not make sense for another.

Lastly, let's talk about detecting pushy sales tactics. While annuities can offer benefits, they're not magic money-makers. If a salesperson seems more focused on closing the sale than discussing your financial well-being, it's time to step back and reassess.

In conclusion, annuities can be a valuable tool for some, but they're not for everyone. Do your research, understand your options, and consult with a financial advisor that has your interests in mind.