Give yourself some protection from one of the worse things that could happen to you in today’s world: running out of money, especially during your retirement years, when you could no longer be able to work for income. So get yourself an annuity contract to give you at least a regular source of money for your needs.
With the open market option, you would be given the choice to shop around for other annuity contracts other than the default rates. But finding the annuity is not that difficult, because there are plenty of them around for you to access. It is choosing the best annuity contract that would eat up most of your time when shopping around for one.
The best way of handling this situation is the same before making an informed decision: do research, thorough research. Do a background check on the issuing companies that you are interested in and see if their services are trustworthy enough for your financial needs, inquire about some jargon and conditions of a contract that you do not comprehend so you could understand them.
Just find out the information you need so you could decide properly which kind of plan o get the best annuity rates for your financial situation. This way, you would be satisfied with the steady flow of income even after you retire and are no longer working.