June 6, 2022
Annuities Explained
The benefits, drawbacks and opportunities
Not many understand how annuities work, but if set up right, an annuity can be a powerful tool to provide you with a reliable income in retirement. However, you need a strategic plan, or an annuity can drain your finances with high fees and other losses. Having a guaranteed income in retirement sounds great, but it’s critical to understand the pros and cons of annuities and decide which type is the best fit for your situation.