The Annuity Paradox
November 23, 2021 by Lynnley Browning
Suddenly, annuities seem to be everywhere. Sales of a variety linked to the decade-long bull market on Wall Street are booming. Companies can now offer the guaranteed-income insurance in retirement plans for employees. Insurers are designing fee-based contracts aimed at countering the industry’s reputation as an ATM for commission-greedy brokers. ”The missing piece of your retirement planning puzzle,” says Bank of America’s Merrill Lynch.