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Started By
Message
Posted on 1/27/24 at 12:23 pm to Saint5446
quote:
Are the reason people hate annuities just because of the high fees or limited investment options causing you to miss out on gains?
For the most part, yes. I would also add in the surrender charges if you change your mind.
Posted on 1/27/24 at 12:26 pm to Saint5446
There are so many problems with them…
Lock up period or surrender charge
Under 59.5 a 10% penalty if not in an IRA
If in an IRA, paying for deferral when you already get it
Fees
Limited options
Sold with “guarantees” that are easily achievable without all the contractual terms
Etc etc
Lock up period or surrender charge
Under 59.5 a 10% penalty if not in an IRA
If in an IRA, paying for deferral when you already get it
Fees
Limited options
Sold with “guarantees” that are easily achievable without all the contractual terms
Etc etc
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