Rethinking Annuities: What the Pros Keep Getting Wrong

It’s our responsibility to demystify financial concepts for our clients, but many industry sources frequently misrepresent and misunderstand annuities as options in the retirement strategy toolkit. Wink, Inc. CEO and president Cheryl Moore recently called out the abundance of clickbait headlines that misinform rather than educate. She pointed out that this misinformation could create a damaging ripple effect on client trust and decision-making.

Key takeaways

1. 1. Misleading information about annuities often focuses on high fees and limited flexibility, ignoring the nuances that make them a valuable financial strategy.
   2. though frequently misunderstood, indexed annuities offer caps, spreads and participation rates for stability and downside protection.
   3. Clear, accurate language helps you build trust and serve your clients more effectively.