The Benefits and Criticisms of Fixed Annuities

Benefits and Criticisms of Fixed Annuities

“When confronted with two courses of action I jot down on a piece of paper all the arguments in favor of each one, then on the opposite side I write the arguments against each one. Then by weighing the arguments pro and con and cancelling them out, one against the other, I take the course indicated by what remains.” — Benjamin Franklin

Now, I obviously don’t know Mr. Franklin. But, something tells me that if you were thinking about purchasing an annuity, he would take his own advice by weighing the pros and cons before.