Does Your Client Need an Annuity? Here’s a Formula to Help Decide

April 18, 2022 by Ginger Szala

As demand for guaranteed income is on the rise these days, advisors might need to be prepared when clients ask about annuities. These products allow clients to invest a lump sum to guarantee a future income stream, insuring against running out of money in retirement.

Perhaps the first question from a client is, why bother?

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Wink’s Note: A FORMULA to help someone decide if they need an annuity?!?
Call me skeptical.
You guys do the math on your last annuity prospect and let me know what you think. Does this formula work?
I’m inclined to say it is more subjective than this? – sjm 

Originally Posted at ThinkAdvisor on April 13, 2022 by Ginger Szala.