Annuities can provide a guaranteed stream of income in retirement. And while the benefits aren't as significant for high-net-worth individuals, as Peter with Richon Planning explains to Erin Kennedy, there are a few that can make sense as part of a comprehensive retirement plan, including a:

Longevity Annuity

2. Hybrid Long-Term Care Annuity

3. Charitable Gift Annuity

4. Grantor Retained Annuity Trust (GRAT)

5. Medicaid Compliant Annuity

Of course, each of these options comes with certain pros and cons for each investor. If you'd like to talk through how you may be able to benefit from an annuity, please give Peter a call at (919) 300-5886 or visit www.RichonPlanning.com