It’s not too bad. I know there are a lot of shady ones out there, but we’ve been lucky. Our neighbors at the retirement community where we live told us about a gal they’ve used for years, who told them about some great annuity contracts to get into. We went to see her and liked her and liked what she could offer, so we’ve signed up with her. So far, so good.
-Amelia B., 70, Provo, Utah
I don’t trust them. I had a bad experience some years ago with an advisor who recommended something that was all wrong for us. He seemed like a nice guy, but he really hustled us for the commission. That’s when we decided we would do our homework, not do anything too out there, and make decisions on our own. And we did really well until the stock market tanked.
-Oliver S., 69, Evansville, Ind.