The 10 Most Easy-to-Understand Annuities Info You Can Find
Are you sitting down? I hope so. As someone who considers themself an annuity champion, I’m going to be 100% honest with you all. Not everyone should invest in annuities. For starters, it can cost an arm and a leg if you want to opt-out of the annuity. This is most true in the first few years — especially if you paid a hefty sales commission. If so, you may incur punitive surrender charges. Additionally, when all expenses and earnings are calculated, annuities may offer lower average returns than mutual funds or CDs. However, if the company you purchased the annuity from goes belly up, you’re ...