Annuities

Some financial advisors also recommend the use of fixed and variable annuities because they have unique tax benefits and lifetime payment options. You should be cautious when you buy annuities. There are some high quality annuities that provide performance and benefits for a reasonable fee. There are also low quality annuities that provide poor performance and limited benefits for excessive fees. Your financial advisor should know good annuities from bad ones, but it is still your decision to purchase particular products.