Suze Orman on Why Annuities Are Worth a Look

Suze Orman on Why Annuities Are Worth a Look

When Suze Orman speaks, people listen—especially when it comes to retirement planning. Known for her straightforward, no-nonsense advice, Suze has changed her tone over the years when it comes to one financial product: annuities. Once skeptical, she now believes annuities deserve serious consideration, especially for those looking for peace of mind and guaranteed income in retirement.

Why the Change of Heart?

In the past, annuities had a bad reputation. High fees, complexity, and pushy sales tactics made them less appealing. But today’s annuities—especially fixed indexed and immediate annuities—are very different. Suze Orman now sees them as a valuable tool for creating lifetime income that you can’t outlive.

“I love the idea of annuities that provide a lifetime income,” Orman has said. “If you’re afraid of running out of money, an annuity can ease that fear.”

What Makes Annuities Appealing?

Here’s why Suze Orman thinks annuities are worth a second look:

1. Guaranteed Income for Life

Annuities can provide a consistent paycheck during retirement—no matter how long you live. That means fewer worries about market volatility or outliving your savings.

2. Protection from Market Risk

Fixed annuities, in particular, offer a stable income stream that isn’t impacted by stock market downturns. This is ideal for retirees who want financial stability.

3. Psychological Peace of Mind

Knowing that you have a “paycheck for life” reduces financial stress. For many retirees, it’s not just about returns—it’s about feeling secure.

4. Customizable Options

Today’s annuities are more flexible. You can add features like inflation protection, spousal benefits, and even long-term care riders.

Important Caveats

Suze doesn’t recommend all annuities. She’s clear about avoiding:

• Variable annuities with high fees
• Complex contracts that are hard to understand
• Surrender periods that lock up your money too long

She emphasizes working with a fiduciary financial advisor—someone legally required to put your best interest first—to help you choose the right type of annuity for your goals.

Bottom Line 

Annuities aren’t for everyone, but they can be a smart part of a well-rounded retirement plan. If you’re concerned about running out of money or want to add guaranteed income to your portfolio, it may be time to give annuities another look—just like Suze did.

Want to learn how an annuity might fit into your retirement plan?
📞 Contact Mintco Financial to speak with a licensed fiduciary advisor who can help you explore your options.