Fidelity’s Annuity Push: Then vs Now
Podcast Episode Highlights:
Fidelity’s Shift on Annuities: Fidelity, along with other major investment firms like Schwab and Edward Jones, is increasingly recommending annuities for retirement portfolios—marking a significant change in their approach.
Why Annuities Are Gaining Attention: The evolving retirement landscape, market conditions, and demographic shifts make annuities a more relevant solution for many retirees.
Annuity Product Limitations: While Fidelity offers annuities from reputable companies, their selection is limited, often missing more competitive options available elsewhere.
Understanding Annuity Types: The importance of distinguishing between Deferred Income Annuities (DIAs) and Guaranteed Lifetime Withdrawal Benefits (GLWBs) to find the best fit for your retirement needs.
The Value of Custom Solutions: Every financial situation is unique, and working with an expert can uncover options that align better with your goals.
The Importance of Shopping Around: Real-world examples show how shopping for annuities beyond big firms can save money and provide better guarantees.
Fee-Only vs. Commissioned Advisors: Why fee-only advisors may not always offer the full picture of annuities and how commission-based solutions can provide cost-effective alternatives.
Keep an Open Mind: Whether you choose to work with Fidelity or another provider, understanding all available options ensures a decision tailored to your retirement goals.
Last Updated on November 20, 2024 by Bryan Anderson
Does Silac have good annuities?
They have the same type of annuities as anyone else and I prefer a more stable company so I don’t use them.