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Tag Archive: banks and annuities

Why Are Banks Now Pushing Annuities?

Stan The Annuity Man

Question: My parents live in Florida, don’t have much money, and have only bought CDs from an investment standpoint.  Now every month, it seems, they are calling me to explain an annuity the bank is trying to sell them.  Why is their bank branch now pushing annuities so hard? from Fred in Sarasota, FL Answer: Great question, and this is happening nationwide, not just in Florida.  This madness all started a few years ago when it became legal for banks to sell investments to their...

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