Test Your Annuity Acuity: An Advanced True/False Quiz

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Despite wanting and needing more guaranteed income in retirement, many Americans are hesitant to purchase an annuity to provide that income. Some of this hesitancy is due to misconceptions around the products and how they can best be used to support a secure retirement.

Most people do not understand annuities well. In fact, The American College of Financial Services tested a group of 60- to 75-year-olds, and they got only 20% of the annuity questions right on average — the lowest score of 12 distinct retirement income areas tested in the quiz.

A secure retirement plan requires you to make decisions about how to generate income and, in some cases, whether an annuity fits into your plan. With so many different annuity options on the market, it is important to understand the basics.

Test out your own annuity literacy with this 10-question true/false quiz.

Take the Quiz on Kiplinger

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Brexit Bedlam: What Advisers Are Telling Clients

“We invest a lot of time upfront with our clients to gauge their risk tolerance and position them accordingly, so unless their risk profile has changed, we would encourage them to not be reactionary. Brexit could mark the beginning of the end of the EU

Advisory Firms Using Creative Job Titles to Attract Clients

Ron Carson is quoted in Investment News article regarding creative job titles. Financial advisory firms are starting to embrace the trend of using job titles that reflect the spirit of the position. Think Google’s “chief happiness officer.”

Honest Financial Advisors Should Embrace New DOL Rule

CNBC Commentary by Ron Carson, Founder and CEO of Carson Wealth Management Group The financial advisory world has always been opaque. Hidden in the fine print of many a prospectus are steep fees and commissions that have kept unsuspecting, everyday investors from maximizing their returns. 
1 2 3 17 18 19 20 21 26 27 28

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation