Readers will note that annuities—which are seeing renewed interest since the Setting Every Community Up for Retirement Enhancement (SECURE) Act’s safe harbor was enacted for plan sponsors regarding annuities selection—rank highly both in predictability and complexity. This effectively highlights the main issues with annuities: They can be seen as confusing and expensive, but also offer highly sought-after predictable retirement income. There are many nuances when it comes to types of annuities, but we would like to highlight two here.
