Despite misleading ads, annuities can be critical for lifetime income planning: Blog
August 29, 2017 by Greg Cicotte
If you’re in the annuity industry, a client has probably walked into your office with preconceived notions about annuities for retirement planning, partly due to some critics’ opinions on annuities that may not consider the needs of everyone. Critics believe variable annuities aren’t right for anybody, and they convince people lifetime income retirement strategies are available elsewhere. For many people, that’s not true.
Millions of Americans are approaching retirement with inadequate savings and income. Additionally, many Americans lack a sound understanding of anticipated longevity and practice poor spending habits due to insufficient financial knowledge.
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