Why Am I Reluctant to Purchase a Lifetime Income Annuity?
Many financial planners, advisors, and especially retirees are wary of annuities. They cite cost, complexity, loss of liquidity, under-performance, and other factors as their primary concerns. In many cases, their concerns are warranted. Yet many retirement planning professionals, academics, actuaries, and economists—i.e., a bunch of really smart people—regularly encourage consumers to consider a particular type … Read more
