U.S. News & World Report – June 7, 2018

This article explains why many investors don’t need to own annuities. In it, David Schneider points out that “The folks on the investment side frown on them, and the folks on the insurance and annuity side think that almost everyone should have an annuity,” He also states that “The traditional investment portfolio is likely to produce as good or better results” than many variable annuities, due to their higher expenses. He advises that “it’s reasonable for people to assume that if you can get along on a 4 percent withdrawal from your assets with an inflation adjustment that you’re probably at a decent financial position.”

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