If you’re retired with an annuity that was purchased between 2000 and 2015, it’s likely sitting in the financial equivalent of a junk drawer, uncovered and remembered only when you go looking for something else.
I spent six years of that period registered with ING Financial Partners. At the time, ING was one of the biggest providers of variable and fixed annuities. Today, ING doesn’t exist in the U.S., and its insurance and annuity arms have been sold. This is representative of the massive shift in the market during the past 25 years. The companies that once dominated have moved on to new things. The products have also significantly changed and, in many cases, have improved.
