What Holds Clients Back From Annuities?
January 8, 2024 by Eric Rasmussen
Why is it that so many people say they want to buy an annuity but few actually do? A new blog from the Center for Retirement Research at Boston College suggests that it’s not for the reasons you might think.
Wink’s Moore on the Market: A lot of generalizations about annuities in this article…
People are attracted to the benefits of annuities.
Yet, people don’t buy annuities.
“The respondents don’t really know how to buy an annuity or know they exist in the first place.”
THAT sounds like something we can overcome, no?
“[They] think Social Security is going to do the job of giving them steady income.
“People simply think they’re not going to live very long.”
A good article if you have three minutes to spare. – sjm