Critics complain that annuities have higher costs. Right, higher costs for higher benefits. Mercedes Benz cars have higher costs because they have higher benefits–better chance of surviving a crash. Yet Mercedes perform the same basic function as the least expensive cars–they get you from one point to another. Annuities have higher costs for the same reason–better chance of surviving a crash.
To read the entire “Annuities: A Better Answer Than Social Security” article from AdvisorOne – Click Here.
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