Everything in the world, according to a guy named Shakespeare, who is generally accepted as a pretty smart guy having a bead on the reality of human affairs and life in general, said, “Nothing is good or bad in and of itself, but thinking makes it so.”
The question of good or bad products seems to come up often on the subject of Annuities as a financial planning tool. Some would suggest that an annuity is the most horrible, rip off in the world and some are just the opposite expressing that they are the answer to all retirment planning concerns for the Boomer today. Sound reasoning says like Mr Bill Harper used to say, “Get the facts or the Facts will get you.”
This blog is about getting the facts and then the reader can apply that to her own situation and see if an annuity is a good fit or not.
Here is a very fair article that doesn’t sell annuity products but attempts to place them in a fair light. It was recently published by the National Association of Fixed Annuities better know as NAFA.
The Boomer Financial Forum is about getting the facts.