Today we are going to be discussing income annuities, and whether they should play a role as part of your retirement income plan. I’m going to discuss what an income annuity is, how an income annuity works, and the benefits and pitfalls that are associated with them. I will then do my best to outline a case for and against using them as part of your retirement income plan. Some of the concepts that will be discussed on today's episode include mortality credits, risk pooling, Longevity Risk, Lifetime Income Guarantees, Minimizing Risk, and Insurance. 

https://www.fa-mag.com/news/is-outliving-retirement-savings-a-fate-worse-than-death-19870.html

https://www.kitces.com/blog/calculating-longevity-insurance-rates-a-longevity-annuity-comparison-to-stock-and-bond-returns/

Safety-First Retirement Planning, by Wade Pfau