Advisory Annuities Let You Eliminate the Middlemen

With a traditional annuity, multiple entities take a cut before you get yours, but there’s a new, interesting option that, for some, is worth considering.

A father and his adult daughter smile at each other while standing in a field.
(Image credit: Getty Images)

If you want to cause an argument between two financial advisers, just get them talking about annuities. Some love these insurance products. Others avoid them like the plague. Each viewpoint has good reasons.

As a provider of guaranteed income, an annuity can help you avoid retirement failure. Even if the stock market crashes and much of your savings are wiped out, you’ll still get an annuity payment. In certain situations, that can mean the difference between being able to stay retired and having to rejoin the workforce.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Samuel V. Gaeta, CFP®
Principal, Director of Financial Planning, Defined Financial Planning

As Principal and Director of Financial Planning, Sam Gaeta helps clients identify financial goals and make plan recommendations using the five domains of financial planning — Cash Flow, Investments, Insurance, Taxes and Estate Planning. He is responsible for prioritizing clients' financial objectives and effectively implementing their investment plans and actively monitors the ever-changing nature of clients' financial and investment plans.