FYI: ANNUITIES ARE OFTEN dismissed as costly, complicated contraptions that are more lucrative for Wall Street than investors. And I’m half-inclined to stick with that blanket condemnation, rather than muddy the waters by offering a more nuanced view. I hate the idea that somebody might read this blog and then buy the wrong type of annuity—and end up making a horribly expensive mistake.
Regards,
Ted
http://www.humbledollar.com/2018/05/one-cheer-annuities/