Annuities Offer Little Benefit To Wealthier Retirement Savers, Morningstar Says

October 11, 2022 by Tracey Longo

With annuities sales soaring to highs not seen since the Great Depression and the industry on the verge of successfully lobbying Congress to make annuities an automatic default option in retirement plans, Morningstar has released research that says annuities deliver little benefit to investors above certain wealth levels.

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Wink’s Note: “Am I the only one thinking “duh,” after reading this?” – sjm 

Originally Posted at Financial Advisor on October 7, 2022 by Tracey Longo.