If outliving your savings is a big fear, one relatively new option to make your money last in retirement has become more widely available — a qualified longevity annuity contract, or QLAC. (cnbc.com)
Given that you're either retired or nearing retirement, I assume the annuity recommendation came up because you're looking to have a source of post-career income you can't outlive regardless of how the financial markets perform. (realdealretirement.com)
To take control of your retirement planning and ease your worries about outliving savings, here are a few steps you can take today: (fiainsights.org)