Another thing to keep in mind is that annuity withdrawals are taxed differently from other investments.... let's say you put in $1 million and it grows to $1.5 million.
In a nondeductible IRA, if you take out $100k, it is $33k of ordinary income and $67k of basis.
In an annuity, the first $500k withdrawn would be ordinary income and any amounts withdrawn after income is exhausted would be principal... so a $100k withdrawal would be $100k of income for the first 5 years and $0 income thereafter.
At the end of the day both are tax deferred and only the $500k of growth is taxed but the timing is very different.
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56...target
65/35/0 AA TBD