Summerlin Benefits Consulting Q&AAnswer
Oct 22, 2024 - 11:14 AM
A common problem with annuities is that some types, like variable annuities, carry risks similar to stock market investments, which could lead to a loss of principal. Additionally, low-interest rates can make some annuities less beneficial than other investment options. It's important to choose an annuity based on your risk tolerance, as some, like Fixed Indexed Annuities (FIAs), offer more protection of your principal but may offer lower returns.
