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The Negative Perception of Annuities
Manage episode 424217821 series 3561765
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Takeaways:
- Many retirement savers are concerned about outliving their assets and are considering annuities as a source of guaranteed income.
- There is a lack of interest in annuities among clients, despite their desire for safer portfolios and income protection.
- The word 'annuity' has a negative connotation in the industry, but it offers stability and income in retirement.
- Investment houses are realizing the benefits of annuities and are trying to capture and keep clients in-house.
- It is important to have a balanced approach to retirement savings and not rely solely on one investment vehicle.
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