We know how many of you feel about annuities, but stick with us. As cover subject Jeff Karelis notes in our April issue, Financial Planning 101 dictates that every client — and every client situation — is different, to be treated as such. If that's true, how can an entire product class be wrong for every client?
We've spoken with a number of past cover subjects recently, and most now echo Karelis on the annuity question. The Wall Street Journal reports many high-net-worth advisors are beginning to agree. It's part of the reason immediate annuity sales are hitting a record high. So much of the past frustration centered on complexity and fees, especially with variable products. That's why simple, streamlined immediate annuity products are now all the rage.
