Can You Get an Annuity at Age 55?

Shawn Plummer

CEO, The Annuity Expert

Can You Get an Annuity at Age 55?

You can certainly get an annuity at age 55. This age is indeed a popular time for many to start investing in annuities.

Why Age 55 is a Popular Age for Annuities

Planning for Retirement: Age 55 is often a time when individuals start planning more intensively for retirement. Annuities provide a stable income stream for the future.

Financial Stability: By this age, many have accumulated enough savings to invest in an annuity, balancing their investment portfolio.

Tax Considerations: Annuities offer tax-deferred growth, which can be beneficial for individuals in their mid-50s looking to maximize their savings.

Make informed retirement planning decisions with our precise calculator.

Types of Annuities Available at Age 55

  1. Fixed Annuities: Offer a guaranteed return.
  2. Variable Annuities: Returns are based on the performance of underlying investments.
  3. Indexed Annuities: Returns are tied to a market index but with certain protections against market downturns.

Secure your future with precise calculations from our annuity income calculator.

Annuity Options at Age 55

Annuity TypeFeaturesSuitability
FixedStable, guaranteed returnsRisk-averse individuals
VariableInvestment-linked returnsThose seeking growth potential
IndexedMarket-linked with protectionBalancing risk and return


Opting for an annuity at age 55 can be a strategic move for your retirement planning. It offers financial stability and tax benefits, with various options available to suit different risk tolerances. Understanding the types of annuities and their features can help you make an informed decision. Contact us today for a free quote.

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

Scroll to Top