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All About Annuities » Why the 1% loves annuities

Why the 1% loves annuities

Why the 1% loves annuities
News from MarketWatch:

Class envy is currently in vogue, and it’s politically correct to be against what some politicians refer to as the “evil rich.”

Recent studies reveal that the top 1% in this country earn over $ 380,000 annually, and the top 10th of 1% bring in more than $ 1.7 million in yearly earnings. Good for them in my capitalistic opinion.

That’s pretty lofty income air to be in for sure, but do these 1%-ers even look at annuities? The answer is a resounding yes and their view on these transfer-of-risk strategies should be a blueprint on how everyone should use annuities within their own portfolio.

I can do my own growth

Annuities aren’t market growth products and that includes the over-hyped agent favorites, indexed and variable annuities. The “evil rich” know how to make money in and out of the markets — and understand that annuities are just noncorrelated assets within a portfolio.

They typically make their money with their…………… continues on MarketWatch

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