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People ask me all the time, “What’s the downside of annuities?” I tell them, “The biggest problem with traditional fixed annuities is they are boring, but they are just as sweet & tasty as Mom’s apple pie!”
You see, when you’re at the country club or a party and the subject of money comes up, there’s always someone talking about “puts” and “calls” and “derivatives.” All that stuff sounds exotic, fascinating, and has a little bit of danger built in. It’s just more interesting to talk about.
On the other hand, if you want to see people’s eyes glaze over with boredom, just mention annuities and how you put your money someplace where it cannot be called and that you derive interest every day and sleep soundly at night because your money is safe and it grows tax deferred. Then you can just smile and walk away. It’ll get ‘em every time.
Here are two “sweet & tasty Mom’s apple pie” annuities for you to choose from: |