The monthly payments on a $400,000 annuity could be substantial, providing you with a guaranteed income stream during retirement. Getty Images

After years of diligently saving, watching markets rise and fall and checking retirement calculators with cautious optimism, many near-retirees now face a real challenge: turning savings into sustainable income. At that point, it's no longer just about growing your money, after all. It's about making it last. And, that shift in mindset has become even more critical in today's climate.

After all, inflation may be cooling , but it's still eating into fixed budgets. Market volatility continues to rattle investors. And with people living longer than ever, the fear of outlasting your savings is very real. That's why more Americans are look

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