Wrong. Wrong. WRONG!
June 13, 2022 by Sheryl J. Moore
Consumers “generally can’t touch their money for many years without penalty, with some exceptions”?! How about that they can access [10%] of their annuity funds every year, without penalty?
And as for “annuities geared more for retirees seeking pension-like income haven’t garnered as much enthusiasm from consumers,” I’d say that isn’t precisely right. While SPIAs/DIAs don’t sell as well as deferred annuities, we have 2% of clients annuitizing and and average of 17.3% are actively taking income under their GLWB today. Those are all pension-like income…
Gregory Iacurci– you have my number. If you want a reliable source for annuity information, holler at your girl. – SJM