O'Reilly logo

Are You a Stock or a Bond?: Identify Your Own Human Capital for a Secure Financial Future, Updated and Revised by Moshe A. Milevsky

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

9. Annuities Are Personal Pensions

“...Annuities are bad investments because they are expensive, confusing and sold by shady insurance salesmen....”

—Myth #9

Annuities are likely one of the most misunderstood and confusing investments in the financial universe. The word annuity itself can describe many different instruments, which can be very different from each other. Annuities have received an unbelievable amount of bad press and publicity—some of it justified, some not—yet few people realize that these products are implicitly contained within every single defined benefit (DB) pension plan as well as Social Security. They are the underlying ingredients of retirement plans around the world. Hopefully, this chapter can help clear up some of the ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required