The Truth About Annuities: Right for You?

An article on Kiplinger

Annuities are one of the most polarizing tools in personal finance. Some advisers swear by them, while others tell clients to avoid them entirely.

That divide raises a question: Are annuities inherently flawed, or simply misunderstood?

The truth sits somewhere in the middle.

Annuities are complex products with real costs and real limitations, but they also serve legitimate purposes for certain investors. Understanding how they work — including the parts that often go undiscussed at the point of sale — can help investors make more informed decisions.

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