Annuity Myths and Realities
Myth: Annuities are complicated.
Reality: Although indexed annuities have different crediting methods, with the correct anniversary dates and math formula they can be solved. Variable annuities typically use mutual fund subaccounts that can be tracked. Fixed annuities–particularly MYGAs–are the easiest to decipher since it’s an interest rate for a set period of time (similar to a bank CD). Annuities with income riders work like a pension or Social Security income, which can guarantee you a lifetime stream of income.
