8 Reasons Not to Buy an Annuity
July 6, 2023 by Roger Wohlner
Annuities can be a good retirement planning vehicle for many of your clients. They offer a guaranteed stream of lifetime income as well as a number of other options that can enhance your client’s retirement finances.
Like most financial strategies, an annuity may not be the right retirement planning solution for all clients or all client situations. Many annuities have significant fees and expenses, and they lack the flexibility of some other retirement savings and investment alternatives.
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Wink’s Moore on the Market: Um…agents’ commissions are not an expense to the annuity purchaser. 💁🏼♀️
The insurance company pays the commission out of their pockets.
And since when did variable annuities = annuities?
Variable annuities have mortality and expense charges, buy there are many other types of annuities that don’t. How about fixed annuities? Indexed annuities?
The author is right that annuities aren’t always suitable. He just needs some Annuities 101 training. -sjm
