Is an Annuity Right for You?
To understand whether these complicated products might suit you, start with the goals you have for your money.
If there is one investment that sparks both deep confusion and heated debate, it’s annuities.
It starts with the fact that these are insurance products, even when they are combined with mutual funds. They range from low-cost, simple annuities that can deliver on a promise for a guaranteed stream of income and strengthen a retirement plan, to expensive, highly complicated packages offering uncertain results that critics often rightly deride as not much more than a way for an advisor (or insurance salesperson) to earn a commission.