Every retirement savings plan is different — after all, everyone has different retirement goals, investment strategies, income levels and lifestyle priorities. But fundamentally, there’s one thing you need your retirement savings to do: last throughout your retirement. Here are three ways payout annuities can help you achieve your retirement objectives and help keep you from worrying about running out of savings. 1. You earn guaranteed income for life The past few years have shown just how unpredictable life can be. Sometimes, you can use some guarantees, especially when it comes to your money. It’s important to remember you may have a combination of fixed and unexpected expenses during retirement. You’ll need to know you have income on hand to pay your bills. Payout annuities are one way to guarantee income for life — or a specified period you choose — removing the worry of running out of cash flow in retirement. Payments are fixed at the onset of the contract, so they stay the same r...