In this guide
Is there an optimal time (during retirement) to purchase a deferred annuity?
The short answer is as soon as possible, for reasons I will explain in a moment.
But first, what is a deferred annuity?
What is a deferred lifetime annuity (DLA)?
A DLA is a form of lifetime annuity that will pay the owner a guaranteed income stream, starting at a future date, for as long as they live after that date. This can give people confidence to spend more of their savings in the early, active years of retirement with the security of knowing their money won’t run out.
