Pros and Cons of Annuities

Annuities:  Are They Right For You?

As our population ages in what has been a declining interest environment, insurance companies over the last ten years have begun introducing very exotic and complicated annuity products to capture the wealth that baby boomers have accumulated for their retirement. Many of these new products are so intricate that even the brokers and financial planners selling them have difficulty explaining the subtleties of these investments to their clients. In addition, there are thousands of available products and even more agents selling them, many of whom may not have the necessary experience. Proper placement in a retirement strategy requires expert advice and analysis, so before you consider whether an Annuity is an appropriate investment for your financial plan, you should make sure you’re dealing with a trustworthy and seasoned  investment professional with a high degree of ethics and integrity who can explain things to you in a way you can understand. Here’s a helpful website discussing some considerations to keep in mind when reviewing an Annuity product:

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