The Truth About Annuities and Retirement
January 14, 2019 by Robert Powell
We know what you’re thinking. Annuities! Run away!
But that would be a mistake. Annuities are just an investment product — like many others, and much like Social Security and defined benefit pension plans.
Annuities get a bad rap because people tend to lump all annuities — single premium income annuities (SPIA), variable annuities, fixed index annuities, deferred income annuities, and qualified longevity annuity contract (QLAC) — together, but they shouldn’t.
Annuities also get a bad rap because some advisers recommend these products (and earn in some cases hefty commissions) for all people and all fact patterns. After all, it’s tempting to treat everything like nail if the only tool you have is a hammer.
Click HERE to read the full story via TheStreet.
