If you live long enough, there is a fifty-fifty chance that you will end up with some form of dementia. You will not be capable of handling your own finances. It is a possibility that you need to plan for. You should have a General Durable Power of Attorney in place so that someone you designate can handle your finances. However, what if unexpected costs occur and you run out of money? You should have a plan for that possibility as well. One thing that you might want to consider is an annuity. … [Read more...] about Do You Need an Annuity?