Why Does Clark Howard Hate Annuities?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Clark Howard is an out spoken opponent of annuities. He has several online videos and /content pieces on the topic. In one of Clark's online video rants against Allianz he says, "There's almost never a circumstance that an annuity is called for." Check out the URL below:

    http://www.clarkhoward.com/videos/clark-howard/insurance/looking-at-annuities-beware-this-sales-scam/vfbPz/
    Answered on September 8, 2013
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  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Everyone agrees that it is necessary to accumulate money for future use. There are critics of every form of investment. Some very smart people purchase annuities. If there were a convention of people all age 85, I am confident that you would find that those who moved capital into future savings, whether by using the stock market, an annuity, or hiding the money under the mattress would all say that their way of saving was best. It was certainly best for them.
    Answered on February 13, 2015
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