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Annuities Stink!!!


Ok. Now that I have your attention, I don’t really believe that Annuities Stink. An interesting fact is that many people would like to have an annuity but don’t. And some of the reasons are…. they don’t understand them…. the internet is chock full of information and may I say mis-informationtheir advisors may not believe in them or just don’t understand how they can fit in their client’s retirement portfolio.

Well, the glass slipper didn’t fit everyone’s foot, either. So why should any retirement solution be the only way. Everyone has different needs, wants, dreams and desires. An annuity, that is coordinated and balanced with your other money, may just help you solve some of your problems.

The challenge is that there are many different flavors of annuities and a lot of the information in cyber world bash a few without letting people know about the other types.It can become overwhelming to the consumer who hasn’t been educated about the different kinds.

Here are some of the different annuity flavors…Fixed annuity, SPIA, Fixed Indexed Annuity, Variable Annuity, Deferred Annuity, Longevity Annuity, etc. It’s easy to see where the confusion comes from.

Each of the different flavors has a fit for many situations and can be used to solve many problems. Some solutions that annuities can provide are as follow:

  • Create a guaranteed monthly income stream you can never outlive

  • Protect your retirement savings with no market volatility so you don’t have to worry about losing your money

  • Use them to receive a fixed guaranteed interest rate that may be higher than your CD or money market account

  • Create a legacy for your children and grandchildren

  • Offset some of your long-term care costs

  • Create a pension for highly successful business owners

These are just a few ways an annuity can be used in conjunction with other money to create more balance.

You insure your home, car, life, paycheck and other valuables. Doesn’t it make sense to insure your retirement savings, so you don’t have to worry about outliving your income in retirement.

Don’t let the internet, people selling books, investment advisors or any one else with an opinion tell you what’s right for you because of their hidden agenda.

Be proactive about your money and educate yourself about the different flavors of annuities so you can be the judge as to whether they are a good solution for your individual needs.

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