11 Popular Financial Tips That May Cause More Harm Than Good

March 29, 2021 by Expert Panel, Forbes Finance Council

3. ‘Annuities are expensive and ineffective.’

When consumers read or hear that “annuities are expensive” and “don’t offer market-like returns” from the investment community, it has the potential to derail their retirement plans. Often, investment professionals don’t realize that annuities’ primary value proposition is transferring risk—that the purchaser will live in retirement too long—not necessarily to outpace mutual funds and other investments. – Sheryl J. Moore, Wink, Inc.

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Originally Posted at Forbes on March 22, 2021 by Expert Panel, Forbes Finance Council.