Why Not To Buy An Annuity Direct

: Adding "bells and whistles" like death benefits or guaranteed income cost extra, which quickly eats into your principal.

This potential conflict of interest is why experts like those at Investopedia suggest consulting a fiduciary advisor instead. Annuity Pitfalls Overview - Gainbridge why not to buy an annuity

: Sales agents may earn commissions ranging from 1% to 10% of your total investment. : Adding "bells and whistles" like death benefits

While annuities can provide a "personal pension," they are often criticized for their high costs and lack of flexibility compared to other retirement vehicles. especially variable ones

: Annuities, especially variable ones, often carry layers of fees—including management, administrative, and "mortality and expense" charges—that can exceed 3% annually.