Two thirds of advisors say that a key goal for pre-retirement and retiree clients is income distribution planning—but that doesn’t mean they’re suggesting annuities as a way to achieve that goal.
That’s according to a survey conducted by Saybrus Partners, Inc., which found that while 65 percent of advisors identified “retirement income distribution planning” as the chief objective of clients in their fifties and sixties, only 27 percent said that fixed and/or indexed annuities were something they most frequently recommended for those clients.
Of course, that could be because annuities can come with higher costs than advisors might be comfortable recommending.
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