For a few years I was helping my mom with things that were becoming too much for her. One of those things was to track down a local financial advisor. We interviewed a few and settled on one. As we discussed how best to invest her money, he said the word “annuities”, and she sternly said that annuities are a scam and she would have nothing to do with anything that included that word. Now that she is gone I am searching for a planner to help me. Her advisor had said that annuities had had a bad rap in the past, but had been somehow redeemed. My understanding was always that annuities were tied to the insurance industry, they take your money over your productive years and dole out retirement monies after retirement. Is there any truth in either of these descriptions? I’m at the point of retirement myself now and want to make the best choices. Holy crap! Just read back for edits and realized that this is pretty long. Apologies
Submitted October 12, 2019 at 10:20PM by yrkddn https://ift.tt/2MecvaJ
