Should You Exchange Your Annuity?
February 11, 2025 by JB Beckett
Many of us spend decades working in the hopes that one day we’ll be able to afford to retire. However, outliving retirement savings is a growing concern for Americans, especially in today’s economy. A 2024 poll conducted by Greenwald Research found that 79% of Americans believe there’s a retirement crisis, up from 67% in 2020. Of those who participated in the poll, 55% are worried they won’t be able to reach financial security in retirement and 73% said recent inflation has added to their fears. To combat these fears, many people purchase CDs, stocks and bonds, or contribute to 401(k)s and IRAs to build a nest egg that can stand the test of time. But another option is annuities.
Wink’s Moore on the Market: An entire article about replacing annuities.
I think this is a first for me, JB Beckett. -sjm
