Exposing the Annuity Bonus Trap

July 30, 2019 by Joe Elsasser

Welcome to Hidden Value, the column where Joe Elsasser, CFP, addresses common financial planning issues with insights advisors and their clients may not have considered.

For the past several years, I’ve been offering free educational annuity seminars at our local public library, and inevitably the topic of bonus annuities always comes up. The concept can be confusing and the name itself is pretty misleading.

The Problem With Annuity Bonuses

Some annuity contracts offer a “bonus” between 3 and 10 percent or more. It sounds fantastic! The word “bonus” sounds like extra money, but that’s the problem — it’s not.

Click HERE to read the full article via ThinkAdvisor.

Originally Posted at ThinkAdvisor on July 25, 2019 by Joe Elsasser.