et's say you are about to retire. You plan to sell your business sometime in the next five years and you are considering using the $100,000 proceeds from the sale to purchase an annuity. 1. Under what set of circumstances would the annuity be desirable? 2. If an annuity was purchased, what features should it have with respect to guarantees? 3. If you did not purchase an annuity, what alternative use of the $100,000 could provide you with a life income in retirement?