Annuities are expensive and confusing, the yields are subpar, and they certainly aren’t for everyone. But in certain situations, they do have a place. And the key to security at our ages is to stay well within our risk envelopes and comfort zones.
The volatility we’ve seen in the markets this past year isn’t just going to disappear. It’s time to adjust our perspectives and get off the pie-in-the-sky roller coaster or prepare for the consequences.