Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Paying off mortgage or invest in annuity
You can't pay your bills with equity in your house. Assuming you paid off the mortgage, where would the money come from that you plan to live off of? If that is your whole retirement savings I'd say do neither. Maybe an annuity (not variable) for SOME of the money, keep the rest invested in conservative investments some of it in cash for emergencies.