Often marketed as a secure retirement income source, annuities are popular financial products. However, they’re also one of the most misunderstood personal finance products out there. As a result, annuities have gained a negative reputation that discourages some people from investing in them.
Here, we’ll explore and debunk some of the most common annuity myths. This, in turn, will help you make an informed decision about whether they might meet your financial goals.