Is an annuity still worth it in today's economy? Experts weigh in

MoneyWatch: Managing Your Money Is an annuity still worth it in today's economy? Experts weigh in We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Read Full Bio Aly J Yale May 21, 2026 / 9:11 AM EDT / CBS News Add CBS News on Google Before you buy an annuity, make sure you do your research to determine whether it's really the right move. PM Images/Getty Images Americans are facing some serious economic headwinds right now. Gas prices are soaring, interest rates remain high, and, as of the government's latest data, inflation is now at its highest point in almost three years. Naturally, those hurdles have many people worried about their money — and, more specifically, where exactly to invest it.One option to consider, especially if retirement is looming, is an annuity, which is a unique insurance product that you purchase and receive a steady stream of income in return. Given today's economic conditions, though, there are some unique considerations to take into account before you do that. So, what do retirement experts have to say about using annuities right now?Compare your top annuity options and find the right fit now.Why an annuity could still be worth it in today's economyAnnuities offer you guaranteed income, meaning that they're generally a good way to insulate yourself from today's volatile market, which is constantly in flux due to geopolitical conflicts, tariffs and other ongoing economic tensions."A big benefit is knowing each month — no matter what the stock market or other investment solutions are performing — that your income check from the annuity...