Annuities

The Pros and Cons of Annuities

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We don’t want our money to run out before we die, which is why most insurance companies sell annuities. To be sure, this is a compelling sales pitch. A significant part of your wealth is forfeited to the insurance company if you die before reaching your life expectancy, which is the risk associated with annuities.

Should You Consider Annuities?

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A retirement plan can benefit from annuities. As a result, they provide guaranteed retirement income, similar to what workers receive with a traditional pension plan. There are fewer defined benefit plans than ever, so every worker must create a retirement plan. With an annuity, even if your 401(k) or other workplace retirement plan runs out, … Read more