Why So Critical on Annuities?
There are some really low cost variable annuities thru Vanguard and Fidelity that to me don’t seem to be much different than regular indexed mutual funds. The primary drawback I see is the gains being taxed at ordinary rates, but this is mitigated somewhat if you withdraw during retirement. I’m not saying they are great but they might have small place in a portfolio, and for business owners and high risk professions they are creditor protected in some states.
