Living Longer? Here’s How Annuities Can Protect Your Nest Egg

You can protect your nest egg with annuities, which offer a steady income stream. Evgeny Atamanenko/Shutterstock

Thanks to advancements in healthcare, nutrition, and technology, people are living longer than ever before. As per the CDC, the average life expectancy in the United States is 77.5 years. For males, this equates to 74.8 years; for females, it equates to 80.2 years.

Even though this is a cause for celebration, it poses a unique challenge: how do you make your savings last longer? Both the middle class and the wealthy share this concern.