"People who should annuitize typically want higher levels of certainty with respect to their retirement income, are less concerned about leaving a bequest, have above-average health/life expectancy, and like the fact that they don't have to worry about figuring out how much they can withdraw from their portfolio each year during retirement (or having to pay someone to do it for them). Plenty of evidence suggests retirees don't like to spend down their savings, and therefore anything that provides an automatic paycheck (like an annuity) typically makes that process easier."  MORE >>