Let’s face it: Annuities have an image problem.
People talk about “good” vs. “bad” annuities. They read marketing materials from financial advisors who “hate” annuities. And some of the problem is with the industry itself. It hasn’t done a good job of explaining how annuities can supply guaranteed income for life.
There is no denying, though, that income annuities are the only commercially available financial product that can provide pension-like income throughout your retirement. More