These 6 Misconceptions About Annuities Could Have You Missing Out on Guaranteed Lifetime Income
August 3, 2021 by Gabrielle Olya
Having a source of guaranteed lifetime income can give you peace of mind in retirement, but many people still shy away from buying into annuities — financial products that are designed to do just that. While annuities may not be the best choice for everyone, some people who would benefit from including annuities in their retirement plan are missing out on this opportunity for guaranteed lifetime income because they don’t fully understand what annuities are and how they work.
If you fall into this latter category, you may be holding onto one of these common misconceptions about annuities.