5 Common Annuity Myths
Myth 1: Annuities are Only for Retirees.
| Reality: | Annuities can help savers, too. |
Myth 2: Annuities Cost Too Much.
| Reality: | Many annuities are low cost. Others offer potentially valuable additional features at higher costs, which you should consider only if you need to address a specific risk. |
Myth 3: There is No Point in Buying an Annuity for Income before Retirement.
| Reality: | As you approach retirement, certain annuities can help protect your future income from market volatility, and some annuities can help protect against inflation. |
Myth 4: I can easily Create Lifetime Income from my Retirement Accounts.
| Reality: | Besides Social Security and pensions, only annuities guarantee a stream of income that you can’t outlive. |
Myth 5: The Insurance Company gets My Money When I Die.
| Reality: | Your beneficiaries can receive payment(s) after you die. |
No comments:
Post a Comment