An annuity can be a smart addition to the right portfolio, but there are still some risks to this type of investment. Jens Kristian Balle/Getty Images

As inflationary pressures continue to impact household budgets and volatility persists within the financial markets, many seniors, retirees and soon-to-be retirees are looking for ways to safeguard their nest eggs. And, while there are any number of ways to do that, annuities have long been used to guarantee that retirees have a predictable income stream after they stop working.

But while annuities are considered a reliable way to ensure financial security in retirement , the economic landscape we're facing currently brings with it new considerations. After all, today's issues with high interest rates, inflation and stoc

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