E3: Are all annuities ‘bad’? Why is there so much negativity about them online?

If you’ve spent any time researching financial advice online or watching late-night TV, you’ve probably heard that “annuities are bad.” In this episode, Mark responds to Mike from Schaumburg to explain why the reality is much more nuanced. While annuities can be a “jungle” of complexity, they can also provide the one thing every retiree wants: a guaranteed stream of income.

We discuss why some advisors steer you away from annuities (often because it doesn’t fit their business model) and why others might use them improperly. You’ll learn how to identify if an annuity could be a “highest and best” tool for your specific situation and why trust in your advisor is the best defense against high-commission, low-value products.