As a 70 year old couple with one moderate annuity pension from work, one state pension( OAP) and one private ARF pension,we're wondering about converting the Irish Life ARF to an annuity. It's about €250k, reducing each year via withdrawal of 4%. We have no expertise in managing the ARF, but fear there will be very little or nothing left in later years, and at least there would be some guaranteed income with an annuity. Is it a good or bad time in current financial climate to look at buying an annuity?