7 worst annuity mistakes
2. Not making the most of the guarantee
If you’re paying 0.95% to 1.75% a year in fees just for the guarantee, you should invest that money more aggressively than you do with your investments that don’t have guarantees. The lifetime guarantee is often based on the highest value the investments reach. So even if your investments take a hit for a few years, you’ll have a guaranteed floor. And when the market rebounds, your guaranteed value will rise as well.
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