8 Reasons Not to Buy an Annuity

Annuities can be a good retirement planning vehicle for many of your clients. They offer a guaranteed stream of lifetime income as well as a number of other options that can enhance your client's retirement finances. Like most financial strategies, an annuity may not be the right retirement planning solution for all clients or all client situations. Many annuities have significant fees and expenses, and they lack the flexibility of some other retirement savings and investment alternatives. Here are eight reasons why an annuity might not be a good fit for your client's retirement plan.