Top 5 Reasons Why Some Hate Annuities and Why They’re Wrong

Top 5 Reasons Why Some Hate Annuities and Why They’re Wrong

There’s no question that annuities have their share of detractors. Some people complain about the fees associated with annuities, while others don’t like the idea of tying up their money for a set period of time. But are these criticisms really justified? Let’s take a closer look at five common reasons why people hate annuities – and how these cons can be overcome.

Top 5 Reasons Why Some Hate Annuities and Why They’re WrongDue – Due

#1 They are complex instruments.

Not all annuities are the same, as several different types of annuities cater to different types of investors and different long-term goals for retirement. These instruments can be radically different from one another.

Even though the base contract of an immediate annuity is very simple to understand, the other types of annuities can be much trickier. Variable annuities and fixed index contracts with the potential to earn returns on market performance are all…

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