The Top 100 Annuities—and How to Choose the Best for You
July 20, 2019 by Karen Hube
After decades of sharp criticism for being complicated, expensive, and unnecessary, annuities are finally getting some respect. The industry has made some strides in cleaning up its act, and annuities are increasingly being recognized for their unique ability to ease investors’ greatest fear in retirement—running out of money.
Click HERE to read the full story via Barron’s.
Wink’s Note: “I completely discredit Barron’s and their list of top annuities. Let me tell you why. When they called me, before running this list for the very first time, they asked me to give them a list of the “best annuities.” I told them that no such thing exists, as the “best annuity” is different for every client. They then asked me which annuities had the highest rates. I told them that I could tell them that, but it was possible the rates would be (sometimes significantly) lower in years 2+. Then, they asked me which annuities had the most consumer-friendly features. I told them that I could give them that, but those products might not have the most attractive rates. Then, they asked me to tell them which annuities provided the greatest paychecks to the purchasers. I countered that if I gave them that list, the products likely wouldn’t have much liquidity. Then they asked me to just send them a list of the top-selling annuities. I told them that “top-selling is not equivalent to top/best.” Their source is a salesman. Although I am sure this gentleman is a smart guy, I am not sure this is appropriate.” – Sheryl J. Moore
