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Kiplinger
Kiplinger
Business
Donna Fuscaldo

I Want to Buy an Annuity, but I'm Scared I'll Get Ripped Off. Should I Get One Anyway?

Man at the start of a bridge.

Are you thinking about buying an annuity, but you’re worried you’ll make a mistake and lose money? Then you’re not alone. Annuities are complex, costly, and after a short window, are permanent.

Plus, not every annuity seller has your best interest at heart. Unscrupulous salespeople can charge you extra fees or sell you products that aren’t in your best interest, so it's understandable if you are worried.

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