Is an annuity right for you?

Ruth was offered an annuity and declined
Member Ruth of FL was offered an annuity by her advisor using the phrase: “Annuities are a woman’s lifeline.” Her advisor said that annuities provide a predictable income for a more secure retirement. He said annuities appeal to women because women live seven years longer than men, are concerned about adequate income, and like the annuity guarantee that they can’t outlive payments. Ruth read our Guide which helped her decide to use a low-fee balanced fund instead. Ruth learned annuities cost more and earn less than she could on her own, have reduced payouts to women since they live longer, payout amounts are worth less in 20 years due to inflation, and charge for guarantees that are never used by 94% of contract owners. Ruth did her own planning for retirement spending with our Guide: http://www.theinsidersguides.com/anresp.html