Long term annuities can be best or a big mistake depending on factors such as:
1. Your needs
2. Contractual Benefits
3. Exit Opportunities
Long Term Annuities Good or Bad? Pros and Cons of Annuities | FundMax
The Pros and Cons of Annuities are not always apparent to those in Retirement. Every Annuity is just like a prescription from a Doctor. Each Annuity should be recommended based on the saver's needs and not just to "sell them something". An annuity might be good or bad for your needs depending on what your goals you have in your Retirement Planning Journey. Do you want to spend it all now or save some to pass on to your loved ones? An Annuity can be a safe option depending on your goals and challenges. Do you know your goals and challenges?
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