Christine Benz of Morningstar. Annuities have grown in popularity, largely due to their promise of a guaranteed income stream until a client’s death. They can help investors strengthen retirement plans, defer taxes and some can protect against stock market losses, but there are caveats, says Christine Benz, Morningstar’s director of personal finance.
The questions advisors must answer: Is an annuity right for a client? If so, what kind?
In her first of a series looking at how to evaluate annuities, Benz provides an overview of how to answer these questions.Advisors and clients first must understand the wide variations in types of […]
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