Carl is considering investing in annuities as part of his retirement strategy. Explain two (2) aspects related to his future financial needs as a retiree that he should consider before he invests in annuities. Provide two (2) specific examples of types of annuities best suited to Carl to support your rationale.
Describe two (2) factors of an annuity that would make it a potential investment for you. Provide a rationale for your response.