The Big Q: In What Situations Do You Recommend Annuities?
August 3, 2021 by Amey Stone
In the current market, where stocks are expensive and interest rates low, annuities are gaining popularity as a source of income. But annuities aren’t right for everybody and are often criticized for high fees and complexity (although products have improved on both scores in recent years).
With that in mind, Barron’s Advisor checked in with financial advisors on the topic. It’s part of our regular feature called The Big Q, where we ask advisors and wealth management executives for their best answers to challenging questions. This week’s query: In what situations do you recommend annuities?