Dirty words. You know a few but is "annuity" one of them? Many believe that annuities are designed to make your financial advisor rich instead of you. There is an argument to be made that that's true. However, not all annuities deserve the bad rep. Immediate fixed annuities are a simple product where you exchange cash today for a guaranteed monthly paycheck for the rest of your life. That's good peace of mind and there isn't a salesperson getting rich off selling it either.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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