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1 Your financial advisor might not understand what he or she is selling to you.
Annuities are bad. Variable Annuities Can Be Pricey. There are many types of annuities and categorizing them all as bad choices is an oversimplification begins Ken Nuss CEO of AnnuityAdvantage an online annuity marketplace. Annuities are probably the most maligned and misunderstood of all safe investment alternatives.
Thats the risk of death. It depends on your needs and on the type of annuity. An immediate annuity begins paying income almost.
In my opinion the annuity investor is easily confused and dazzled by projected return charts and promises. Annuities come in several forms the two most common being fixed annuities and variable annuities. At the least youll usually get as much money back as you paid in.
Annuities are complex and hard to understand good for the seller bad for the purchaser. Get a return during good stock market years and avoid losses in bad stock. If they do the insurance pays off.
These annuity products can range from bad to downright ugly for many investors. So are annuities bad. But you wouldnt know that given how most people including financial planners react when the product is discussed as a potential part of a retirement plan.
You dont have to go to college to be a financial advisor so it shouldnt be a surprise that if variable annuities are too complicated for. Are Annuities Good Bad or Ugly. Whatever you need annuities are probably wrong.
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Some Variable Annuities Offer All The Upside Of The Stock Market Without Any Of The Downside Too Bad That Protection Come Variable Annuities Annuity Variables
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