05/13/2026
I had an interesting conversation today.
Some of the loudest opinions usually come from people who don’t actually know or understand how annuities even work. Many think....high fees, lose your money, bad investment, taxed so bad!
Meanwhile I have clients using annuities for guaranteed income for life, protection from market crashes, and tax-deferred growth.
Its literally a predictable retirement plan. Not all annuities are good but not all annuities are bad!
Same with 401(k)s which are fully exposed to market losses. Remember the tariffs crash just last year, Covid in 2020 and 2008 when the market crashed and people lost over 50% of their 401(k)s? Also, many people pay management fees they don’t even realize they’re paying. And if the market drops near retirement, years of savings can disappear fast.
But dismissing an entire retirement strategy without understanding it first can be an expensive mistake.
Retirement isn’t just about growing money.
It’s about making sure you don’t run out of it.
Educate yourself and take advice from someone you trust.....not someone that knows someone that knows someone.