Is the Attack on Annuities Still Fair?
April 18, 2022 by David Stone
Last year, Citywire RIA published an article by Andrew Foerch, “Attack of the Annuities: Should RIAs Reevaluate the Controversial Insurance Product?” The piece offers a balanced analysis of the insurance products by giving voice to both proponents and detractors. Ultimately, he concludes that while annuities are making progress, they’re too controversial for many advisors to consider.
“The curse lives on,” he said.
Click HERE to read the full story via ThinkAdvisor
Wink’s Note: RetireOne “found that only about a fifth of advisors object to annuities on general principle, they’re a vocal minority.”
David Stone goes on to say that “most fiduciaries would recommend annuities if they served the client’s needs.”
My question is- DO THEY KNOW IF THEY SERVE THE CLIENT’S NEEDS? Or do they not know what they don’t know? -sjm