There’s no question that annuities have their share of detractors. Some people complain about the fees associated with annuities, while others don’t like the idea of tying up their money for a set period of time. But are these criticisms really justified? Let’s take a closer look at five common reasons why people hate annuities – and how these cons can be overcome.
#1 They are complex instruments.
Not all annuities are the same, as several different types of annuities cater to different types of investors and different long-term goals for retirement. These instruments can be radically different from one another.
