Annuities: Love 'em or hate 'em, here's what advisors should know
Retirement experts Michael Finke, David Lau, Wade Pfau and David Blanchett weigh in.
By Bernice Napach|November 08, 2019 at 10:10 AM|The original version of this story was published on ThinkAdvisor
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No matter what you think of annuities, they are growing in popularity and could provide the income that clients approaching retirement are not likely to get from financial markets these days.
“It’s an expensive time to retire because financial markets are not giving us much,” said Michael Finke, professor of wealth management at The American College of Financial Services, one of several retirement-focused professionals who participated in a recent annuities “master class” for reporters. Historically low yields on bonds make them “significantly more expensive compared to their ability to generate income,” said Finke.
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