Why Not - To Buy An Annuity

: Annuities, especially variable ones, often carry layers of fees—including management, administrative, and "mortality and expense" charges—that can exceed 3% annually.

: Adding "bells and whistles" like death benefits or guaranteed income cost extra, which quickly eats into your principal. why not to buy an annuity

This potential conflict of interest is why experts like those at Investopedia suggest consulting a fiduciary advisor instead. Annuity Pitfalls Overview - Gainbridge : Annuities, especially variable ones, often carry layers

While annuities can provide a "personal pension," they are often criticized for their high costs and lack of flexibility compared to other retirement vehicles. especially variable ones

: Sales agents may earn commissions ranging from 1% to 10% of your total investment.