At first think of your most likely sources of retirement income. Make sure about  your  expenses during retirement.   Review the details of any annuities you currently own.

    Let me introduce  annuities:
Annuities are very  popular investment products nowadays . They are  attractive as they  can help build more value over time. In addition to tax advantages, annuities  offer a choice of investment options. These might  include fixed accounts, which may help protect principal from market risk, and variable investment accounts in stock and bond portfolios, which offer the potential for higher returns. All these features make annuities attractive to those who seek investments that can help supplement future retirement benefits, and to retirees who want greater control over their income and the flexibility to continue deferring taxes on investment earnings. Annuities are contracts between the purchaser and the issuing insurance company. In the past  most annuities were sold through insurance companies and offered only a fixed amount to be paid out. Today they are sold through banks and insurance companies and are much more flexible.

    What else should you know?
-You can make series of payments over time

-You can contribute any amount of income

-You can choose the most favourable  payout method Annuities are available in fixed accounts and variable investment accounts.-An annuity offers a choice of investment possibilities.

-Money is accumulated in an annuity through contributions and investment earnings.

- An annuity's earnings are tax deferred.

-Annuities allow unlimited after-tax contributions and let you  diversify, thereby reducing your risk, while still allowing you to potentially benefit from higher returns.