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Well said, tscotta. Welcome to Motley Fool. (Is this really your first posting, or is this a reincarnation?)

If your particular situation would benefit from a set amount of guaranteed income then it could be worth looking at.

Agreed, but its also worth noting that an immediate fixed annuity is often the best and cheapest way to guarantee income. The frustrating part of a variable annuity is the variable part.

That implies that investing your funds in mutual funds or equities could be the best move for now. (No guarantee of minimum returns, but also lower cost and freedom to easily change if your strategy needs adjustment.) Then make the best deal you can and buy a fixed annuity when you need the income.
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