Is There A Viable Alternative To Bonds?
January 20, 2021 by Sentinel & Enterprise (Fitchburg, MA)
Annuities often get a bum rap, generally from market-based planners who view them as a threat, or other financial advisers that don’t really understand them very well. However, once you do understand how they work, it’s easy to see why nearly everyone would want them as a component of their portfolio.
Notice I wrote “component.”
Click HERE to read the full story via INN
Wink’s Note: When I first read the headline on this piece, I was like, “YES!!”
You know how passionately I feel that annuities are a terrific bond alternative.
However, I was surprised at the end of this piece, where Stephen Kelley suggested taking annual penalty-free withdrawals from an indexed annuity, in order to fund securities purchases. I assumed that someone comfortable with losing money likely would be more interested in variable annuities, than an indexed annuity.
You all know I don’t sell. So, I am REALLY interested in your take on this! -sjm