Rich People Love Annuities — And Here’s Why
February 26, 2024 by John Csiszar
Wealthy investors often have access to opportunities and products that may not be available to the average person. For example, to invest in certain types of unregistered securities or private hedge funds, you may need to be an “accredited investor,” meaning you have a very high income and/or net worth.
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Wink’s Moore on the Market: If rich people love annuities, why is the average annuity premium only $151,344?
I was really digging this piece, up until it got to the “high costs and fees” bit.
It left me feeling “meh.” -sjm