You have heard the old saying “Don’t put all of your eggs into one basket” before right? Well the saying holds very true for annuities as well. No matter how safe an annuity is perceived to be, and no matter how much contractually guaranteed income that the annuity can spin off for you, there is no reason that anyone should put all (or even almost all) of their money into annuities.
This video goes over the history of annuity suitability and also discusses who can be a fit (and who isn’t a fit) for an annuity.
You will also get to see an example of an annuity suitability form along with the reasons why it never makes sense to have all of your money in annuities.
To learn more from this annuity professional, click here (Rob Brinkman).
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