Immediate Annuity vs Deferred Annuity: What Is The Right Fit For Your Retirement
Last Update Date: 06-10-2026
Published by Outlook Money
Abhishek Kumar's role: Quoted
Abhishek Kumar said retirees who want a fixed pension and avoid market-linked products may consider annuities for lifelong income, but cautioned against relying on them fully as payouts may not keep pace with inflation.
More of Abhishek's views on insurance
The article compares immediate and deferred annuities for retirement income. It explains how each works, who each suits, and the trade-offs in cost, flexibility and growth, suggesting immediate annuities for those at or near retirement and deferred ones for younger savers.
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Immediate Annuity vs Deferred Annuity: What Is The Right Fit For Your Retirement