Hello,
I’m 69 years old and retired. My monthly income is from pensions and social security. Which is enough to cover the bills when I don’t splurge or don’t have an emergency (home repair) . I still have a mortgage that will be paid off in 8 years.

Currently I have 250K in my IRA’s. I’m thinking of a way to protect and preserve
100K, while the remainder stays in the market in a conservative portfolio.

I’m considering taking 100K and purchase a fixed index annuity for a 10 year period.
The annuity would not be used for supplemental monthly income. It’s sole purpose is to not lose money.

At my age (69) and the annuity required time line, is this a good plan? If so why? If not why?

Thanks. J. Rush