When doing research on certain subjects these days it can very difficult to get objective truthful information on a subject with so much spin in the media. Financial news is particularly susceptible to being “spun” a certain way because of a fundamental flaw in the financial system. In my recent Educational Video Series, we cover why there is so much negative spin in the media regarding annuities.
There are all kinds of annuities that can be used to solve a certain problem in a financial plan. There are pros and cons when it comes to annuities and sometimes an annuity is the only answer and sometimes an annuity can be the wrong answer. One thing I would like to point out is that a lot of the negative things you hear about regarding annuities comes from variable annuities where you assume all of the risks unlike a fixed annuity or fixed indexed annuity where the insurance company assumes all of the risks.