If you are nearing retirement and do not feel the current outlook for rates on bonds and stocks are enough, you may want to consider an immediate annuity for part of your money. Immediate annuities guarantee income for your life with some guaranteeing income for your life and the life of a loved one. Annuities are not FDIC insured but are backed by private insurance companies. One advantage is that you may be able to secure a higher stream of income with an immediate annuity than a bond right now. As always do your research and check out several annuities from different companies.