An annuity is a type of financial planning instrument that pays you a fixed amount every year based upon how much money you put in and the expected rate of return.
An 'Annuity" is a financial instrument that Brokers sell to people who are either very elderly, or very, very nervous (and not very numerate)…..if you are under age 80, and someone approached YOU (rather than you approaching them) to see if you'd be interested then RUN!
An annuity is basically an insurance-backed investment….they are sold on the principle that "you can never lose the original value of your investment!", but that's also true of putting your money under the mattress!
do not do it