May 19, 2020 "Annuities Offer Retirees Peace of Mind in Choppy Markets. But They Come at a Cost"

Summary: Annuities Offer Retirees Peace of Mind in Choppy Markets. But They Come at a Cost by Ingrid Case When the markets take a stomach-tightening dive, many investors head for the perceived safety of annuities. These insurance products offer the promise of guaranteed income, an attractive proposition for many retirees in a volatile market. Variable annuity sales rose 16% in the first quarter over the same period last year.