Afford Anything · Tuesday, September 1, 2026
Paula Pant discussed annuities as a way to secure guaranteed lifetime income, particularly for individuals who struggle with managing their finances. She explained that annuities replace market risk with longevity risk, providing a stable income stream even if one lives a very long time.
“My first thought is, well, let's talk about the guaranteed lifetime income portion of that. Because that's essentially what an annuity does for you. It gives you guaranteed lifetime income.”
“The annuity is really helpful for people who struggle with sequence of return risk, especially in retirement.”
“An annuity essentially smooths that out for you, right? It replaces market risk with longevity risk.”