You’ve heard the annuity pitch. It says you can participate in market gains while being protected against loss! But do you really need to buy an annuity to do that?
To paraphrase Warren Buffett, there may be just too many mouths to feed between the investor and the investment; and all those mouths cost money.
Insurance companies don’t have a special market to invest in. They have to access the same markets you do; so, why pay them to do what you can do yourself? Continue reading