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Athene (ATH-PA) COO Michael Downing joins Wealth host Brad Smith to explore the role of annuities in retirement planning. Downing describes an annuity as "a general term for a collection of retirement solutions; they're all generally trying to provide guarantees." He emphasizes that retirees primarily need "guaranteed income" for their remaining years and protection during market downturns. "The key thing with annuities ... they should generally be an anchor of almost any portfolio in terms of the preservation of wealth," Downing states. He advises that customers evaluate their protection needs to determine "which one is appropriate for your portfolio." #youtube #news #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Get the latest news and data at finance.yahoo.com Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) Follow Yahoo Finance on social: X: / yahoofinance Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook: / yahoofinance LinkedIn: / yahoo-finance