Buying An Annuity At: 70

: You hand over a lump sum, and the checks start within 30 days. This is the "cleanest" way to get a guaranteed lifetime paycheck.

For example, as of April 2026, a healthy 70-year-old might see an annual payout rate of roughly , compared to just 6.85% for someone age 60. buying an annuity at 70

While the "guaranteed income for life" part sounds great, it comes with specific compromises: : You hand over a lump sum, and