Are annuities good or bad?
The short answer
Neither. An annuity is a tool, and a tool is only as good as the job it's chosen for. Some annuities can provide lifetime income or protect part of your savings from market losses. They are also complex, with surrender charges, caps, and riders you need to understand. Mike believes annuities must be taught, not just sold.
Hear Mike discuss it
Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company.
Reviewed by the 1.oak Financial team · Educational information, not individualized advice. Investment advisory and financial planning services offered through Advisory Alpha, LLC, a Registered Investment Advisor.
