You may already know that I’m no fan of annuities. I think you should never buy an annuity – especially now because interest rates are low. If you fall for the annuity sales pitch, you’re going to lock in these low rates for years to come and regret it.
How many times have you gone to meet with a financial advisor and they offer you an annuity? How many times have you heard about how awful annuities are? The truth is annuities very rarely make good investment vehicles...
As people today tend to live longer and continue to work longer, it has been said that a tax reform is critical. The removal of the requirement to have to purchase an annuity plan before the age of 75 has been generally welcomed by the financial industry as a step in the right direction and it is thought that this will help to avoid a dependency on annuities.
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1 year 13 weeks ago
1 year 13 weeks ago