Hybrid pension annuity
Terry, what do you think of Hybrid Pension Annuities? What are the pros and cons of this annuity? Thanks.
Terry Says
It all depends on the product — and who is selling it. In most cases, it is an overpriced tax-deferral that offers upside, but only PART of the upside — of the market, in exchange for some downside protection. And in the end, when it comes time to take the money out, it will be very restrictive in its options.
I would contact https://www.stantheannuityman.com/— to get an opinion on this specific product. I’m betting you will be surprised at what’s hidden behind this enticing name!
PS Please write back and let me know what Stan says! He’s my guy, and I trust him completely.
