Annuities are often promoted and marketed as ‘can’t-miss’ investment products for retirees. But the reality is much different. Allworth Co-CEO Scott Hanson shares a few of the biggest reasons annuities can be costly traps.
At some point, there’s a good chance you or someone you love will need long-term care. We offer easy-to-understand answers to some of the most common questions about this retirement unknown.
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Often touted as a must-have retirement ‘investment,’ annuities make a lot of promises. But if you don’t understand what they really are – and all their moving parts – you could be in for a surprise.
You can put it off and hope it won’t affect you. But statistics say you’re probably going to need it.