A Smart Choice | Annuities are Owned by Smart People

SMART CHOICE

By James Alden

Annuities are Owned by Smart People - Go Figure !

It is fun to see the popular press disparage an annuity like a playground bully. Eventually redemption always comes when there is a market correction, a bank failure or some other systemic malfunction of the economy — and those same naysayers are humming a different tune.

So, who is wise in this world then? It turns out, annuity owners are not wanting in this department.

Not to be outdone by his own employee, even Bernanke's boss, then President Obama, was publicly proclaiming the virtues of the lowly annuity to the masses in 2012: https://money.cnn.com/2012/02/02/pf/rules_retirement_annuities/

And, just when you thought that it might be a mild conspiracy within a small circle of the government — along comes the non-partisan GAO, the Government Accountability Office, to tell Americans to buy more annuities: https://www.investingdaily.com/11304/gao-report-tells-americans-buy-more-annuities

So former President Obama, his Federal Chairman and the Government Accountability Office were all in cahoots on the annuity it appears.

I don't know which remaining esteemed celebrity in our culture could possibly add even more credibility to this amazing financial instrument.

Oh, I just remembered! Kim Kardashian, maybe? https://www.huffpost.com/entry/kim-kardashian-hair-extensions_n_5153123

But seriously, perhaps the more accurate adjective to explain people that own annuities would be "prudent".

Annuities are reliable, predictable, realistic vehicles chosen by prudent investors who want guarantees, that's all! And, that makes them SMART.....Shrewd, Measured, Appropriate, Rational, and Tenacious!