I hear this all the time, so here is the real answer. Annuities aren’t bad – but there are bad annuities. There are also bad sales folks out there, who, as in any industry, only seek the highest commission. An annuity, If designed properly – with no fees and structured to be safe (never losing any principal) – can be a great addition to your portfolio.
Check out this short video from Tom Hegna, Economist, Author, PBS Host Of “Don’t Worry, Retire Happy.” I am contributing author for his book “Pay Checks and Play Checks.”