Annuities are wrongly seen as a scary subject; they are merely a way to manage a large amount of money and turn it into a stream of payments, writes Maria Ferrante-Schepis of Maddock Douglas. Innovations such as variable and indexed annuities also are useful products in making up for low retirement funds, she writes. Ferrante-Schepis advises showing consumers the concept of how an annuity actually works and letting them help figure out how annuities are funded.

Related Summaries