Recently, we had the opportunity to speak with a group of senior clients to learn their thoughts on the topic of fixed annuities. Read on to find out their thoughts on this important retirement product. Also, if you have an opinion about fixed annuities—whether or not you are recommending them to your clients—please comment below or send us your thoughts at [email protected].
Have you ever owned a fixed annuity?
Yes. I do own an annuity. My wife and I bought one before I retired. We’ve done a pretty good job of building our nest egg. But still, after talking with our financial advisor, we were sold on the idea of having that steady income coming in every month. We’re actually looking at buying another one.
I do own a fixed annuity. I have a financial advisor who was pushing them on me forever. Then I would watch the financial shows on cable and they were always so dang negative about the products. To tell you the truth, I didn’t know which way to go until my advisor kept showing me how the annuities held up in the 2008 market crash. I was sold.