Changing the Perception of Fixed Annuities
Why do annuities that can have twice the rate of return or a bank CD or money market receive such negative press? Sadly, there are multiple reasons for this ridiculous reality. For decades, employees retiring with pension plans have had to choose their annuity pension pay-out options available to them. In many cases, the retiring employee chooses the highest monthly income option, which is a life only option. As a result, if the now retired employee passes away earlier than the mortality table average, then...
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