Expert: Comparing annuities with other products is misleading

Comparing the returns of equities and annuities leads to the misperception that annuities are not a good investment, writes Jack Guttentag, a former chief of the Domestic Research Division of the Federal Reserve Bank of New York. He suggests that “annuities are best deployed as one part of an integrated plan in which part of the retiree’s assets are used to purchase a deferred annuity, and the balance is used to live on during the deferment period.” Forbes