MSN- do better.
November 26, 2025 by Sheryl J. Moore
Hidden fees!
Confusing terms!
EXHORBITANT withdrawal penalties!
Oh, MSN– when you attest that “here’s how you can help him navigate this financial nightmare and avoid losing even more money,” regarding annuities, it causes me to trust you less.
This ain’t your grandma’s annuity!
You mention the types of annuities there are, but you forgot that there are structured annuities/RILAs. Never mind SPIAs and DIAs…
If you own annuities, you need to “fix your situation?!?”
There is nothing to “fix” if you are looking for guaranteed lifetime income, an income floor, or a personal pension-like vehicle.
“Most annuities lock in the investor?”
While most annuities DO have surrender charges, all but about a dozen (that’s 1,900+ annuities) have a provision that allows the purchaser to access as much as 30% of their annuity’s value, annually.
You suggest that “annuities charge layers of fees,” but three of the four fee types you listed are exclusive to variable-type annuities. These products only account for 13.4% of all annuity sales! Let’s not paint an inaccurate picture of a product you seem to know little about.
“Keep in mind that [the purchaser] can only do [a 1035 exchange] with guidance from a fiduciary financial advisor, not a salesperson looking to gain a commission.”
1. Completely false; and
2. Commissions are not equivalent to unethical “salespeople.”
MSN- do better. -sjm
