Unfortunately, many financial advisors suggest annuities, because they make the most money when they make a sale. Just look at the fees in the fine print, they are much higher than a typical mutual fund.
Annuities are an option for someone who has already maxed out their roth/ira and 401K or other savings plan. If that is you, then it is okay to consider it as option. But look at all the options. If the advisor cannot provide you other options, that is a sign of their own personal greed. Of course, that last statement is my personal opinion.
My own father in law, an accountant/financial advisor, recommended an annuity to my husband. I advised my husband against it for the reasons stated above. He did it anyway. It was a very bad investment and we had to wait years (I think 6 years) to get the money out without a penalty. Husband now admits it was a mistake.
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