After years of saving and planning, the idea of a “guaranteed retirement income” sounds like a dream come true, right? Well, there’s honestly no such thing. But unfortunately, scammers and aggressive salespeople have started taking advantage of the appeal of a guaranteed income in your golden years. Oftentimes, it can be incredibly confusing. While some legitimate financial products do offer certain guarantees, those promises often come with conditions, fees, restrictions, or risks that aren’t immediately obvious. That said, here are six warning signs a “retirement income guarantee” pitch may be misleading (and not guaranteed at all).
