When people hear the word annuity, their reactions are usually intense. Some get excited: “That’s the guaranteed retirement thing, right?” Others recoil: “Aren’t those expensive and complicated?”
Both reactions come from a mix of truth and misconceptions.
Imagine you're sitting across from a smooth-talking salesperson at a retirement seminar, sipping lukewarm coffee, and they lean in with that knowing smile. "Forget the stock market rollercoaster," they say. "An annuity is your ticket to guaranteed income for life, like a cozy blanket of security in your golden years." Sounds dreamy, right?
As a fee-only fiduciary advisor with 25 years of experience, I've seen too many clients chase that "guarantee" only to wake up tangled in fees and regrets. I've built my career on listening first; diving deep into your goals, dreams, and risk tolerance before ever suggesting a move. And annuities? They're rarely the star of that show for me. I don’t offer commission-based investment products. Hence, m…
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