Cryptocurrency is a Gamble for Older Americans
January 28, 2025 by AnnuityAdvantage
Should you consider investing in crypto?
“It depends on where you are in life and what your financial situation is. The rule is, don’t gamble with any money you can’t afford to lose,” says Ken Nuss, CEO of AnnuityAdvantage, an annuity marketplace.
Read the full story via YAHOO!Finance
Wink’s Moore on the Market: File this as one of the weirdest pieces of clickbait I’ve seen on annuities-
This annuity article was published under the guise of advising readers about whether, or not, they should invest in cryptocurrency.
But that is just a sidebar in this piece.
And the author says, “here are some more appropriate investments for people in their 50s and older, going down the risk scale.”
Yet, he gives rationale for NOT purchasing each of these “investments,” save annuities.
Look- I think annuities can be great for a lot of people. That said, it doesn’t mean that you shouldn’t purchase stocks, bonds, and/or CDs.
I take issue with purchasing an annuity from someone who thinks that all of my money should be in an annuity. And sadly- that is inferred in this article.
Just goes to show that one should be careful where they choose to research annuities on the web! -sjm