Many advisors think they’re doing their clients big favors by telling them that they’ll never put them in an annuity. And with all the negative press that annuities get, it’s not too surprising.
However, I think annuities are fantastic – in the right situation.
There are at least 15 reasons why some people shouldn’t buy an annuity. If you’ve done much research on the subject, you’re probably already aware of a few of them.
But you need to know that annuities serve certain very specific purposes, and if you happen to have a need for one of those purposes, then an annuity can be a game-changer.
Here are 15 reasons why you might not want to explore the annuity side of things– and five reasons why you should.
Carefully consider all of these reasons, and see your financial professional before making a final decision on an annuity.
Here are some reasons why an annuity might not work great for your situation: