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For example, current Safe Harbor provisions guiding mandatory distributions (“Force-Outs”), require the funds to be invested in FDIC insured deposits, with no risk to principle.

However, because the GAO study was conducted during the Great Recession, which featured the lowest interest rates in over 75 years, fees outpaced returns in most Force-Out IRAs.

It will also be easier for you to manage if payments are from a single source.

Some providers may have minimum policy sizes, so when you decide to start drawing retirement benefits, you may find that some pots aren’t big enough for income drawdown so you may be able to access income drawdown if you combine your pots.

By choosing an annuity pension your family will inherit your monthly disbursements if you die before receiving the last disbursement.