You can buy steady retirement income. Experts are divided on whether it’s a good idea
January 8, 2020 by Lorie Konish
If you think that Republicans and Democrats can’t see eye to eye these days, try sitting in a room with financial professionals who are for and against annuities.
The inability to agree is real. And both sides hold steadfast to their positions.
Annuities are insurance or investment contracts that give investors regular payments in exchange for a lump sum paid upfront.
However some financial professionals argue that they come with high commissions and opaque disclosures. Because that puts individual investors at a disadvantage, they say, some have sworn off selling them.