At What Age Should You Buy a Fixed Annuity?

Shawn Plummer

CEO, The Annuity Expert

Age to Buy MYGA Fixed Annuity

  • Earliest Age: 55 years
  • Reason: Transition from aggressive/moderate to conservative investing

Related Reading: Who is the best annuity provider?

Age to Buy Fixed Annuity for Guaranteed Income

  • Earliest Age: 40 years
  • Advantage: Highest payout with the lowest investment

Related Reading: Should You Buy An Annuity In Your 20s?

Understanding Fixed Annuities

Fixed annuities are insurance products that provide a guaranteed income stream, typically for retirement. The age at which you should buy a fixed annuity depends on your financial goals and retirement plans.

Age and Type of Fixed Annuity

Age RangeType of Fixed AnnuityPurpose
40+Guaranteed IncomeMaximize payout for retirement
55+MYGA (Multi-Year Guaranteed Annuity)Shift to conservative investing


Choosing the right age to buy a fixed annuity is crucial for maximizing benefits and aligning with your financial goals. If you’re seeking guaranteed income, consider starting at age 40. For those transitioning to conservative investments, age 55 is ideal for MYGA. Each choice offers distinct advantages tailored to different stages of financial planning. Contact us today for a free quote.

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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