[Eg_cruz]

Originally Posted by justjim

Here we go again. There is a place for an annuity for some clients just as there is a place for life insurance. A guaranteed monthly income from an annuity could be what “the doctor needs to order” for some clients. Just because a financial advisor sells annuities doesn’t mean that he/she is doing something wrong for their clients. Not every client can handle the “ups and downs” of the stock market. Some absolutely panic when they start to lose money in their stock portfolio. That said, there are excellent financial advisors and some not so much. You can say the same for doctors, lawyers, electricians, plumbers and yes even landscapers. Even putting your money in an interest bearing bank account is better than putting it under the mattress. Wait, some don’t trust banks either.

All true