What's the 1 mistake that almost all annuity owners make? Annuities are a powerful retirement tool that mitigates longevity risk less expensively than any other retirement approach. But nearly every American that owns an annuity is doing it wrong.
They often own those annuities inside their tax-deferred bucket, which means they'll be paying taxes on that later in life when the tax rate will likely be much higher than it is today. This means you won't really know how much income you'll get. It's difficult to plan for retirement when you don't know what you can count on.
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