Why Am I Reluctant to Purchase a Lifetime Income Annuity?
This article is part of the Biblically-Informed Framework for Retirement Stewardship (BIFRS) series. 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., … Read more
