Annuity vs drawdown – which is the right choice for you?

 

When the time comes to decide what to do with your retirement savings, you may face the difficult choice of either buying an annuity or entering into drawdown.

Annuities have fallen out of favour since pension freedoms came into force in 2015, as many retirees took advantage of being able to access their pension funds in the way they wanted. But do annuities still have a place in the retirement income market?

William Burrows believes so. Having been involved with retirement options for 30 years as a qualified financial adviser, he is well known as somewhat of an expert on annuities.

Billy joins me on the podcast to explain what an annuity is, when it’s worth considering and why retirement advice is both an art and a science.

Listen here on episode 044 The Retirement Café Podcast.

 

Useful links

William Burrows’ website including access to his various guides

The Money Advice Service website – pensions and retirement section

 

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