Recently, we reached out to seniors to get their thoughts on variable annuities. We wanted to know their thoughts on the products, but something else emerged from the discussion: They really don’t know much about them.
“I’ve heard the term before but to tell you the truth I don’t really know anything about them. I have a financial advisor who brought them up to me one time but they seemed so dang complicated. I asked him to slow down and then I asked him to go on to the next investment option. I have my money tied up in real estate mostly, and for now I’m going to keep it there because I don’t want to put it in a bank these days either.