GettyThe utility of annuities as investment products is one of the most sharply contested subjects in the financial world. Annuities are arguably among the most poorly grasped —and most controversial — financial products around. Certainly, financial “advisors” can love them for the amazingly lucrative, hard-to-spot commissions many annuities crank out. He “hates” annuities, has said annuity salespeople “lie,” compared them to Ponzi schemes, and even said some should be illegal. there have been 2,000 articles about annuities written by card-carrying professors since the 1960s, and 99.9% of them are pro-annuities.”Michael Finke, Professor of Wealth Management at The American College, said that annuities “ .

Source: Forbes May 22, 2019 18:22 UTC