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As a fully licensed financial specialist, I can't understand the reason why annuities have such a bad connotation in our society. Are there risky products out there? Certainly so. Are there nefarious, unsavory salesmen and saleswomen looking to line their own pockets instead of truly helping our elderly with their finances? Absolutely no doubt about it. But there IS a market out there for annuities. In fact, FIXED annuities function very similarly to Certificates of Deposit (which are yielding less than inflation by the way) and offer a principal GUARANTEE...which nearly no bank CD offers. My advice? Do your own research, work with reputable companies, go with your gut, and don't take any single person's opinion too seriously. Sorry Mr. Howard....that even means yours.
By HMB
