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People seem to either love annuities or hate them. Those that love annuities are often blinded by the product’s limitations, thereby giving more fuel to those that hate annuities. Those that hate annuities are often ignorant about many key aspects of annuities. Like in most debates, the truth is typically somewhere in the middle. While annuities can solve many financial planning problems, they can’t solve them all. In fact, in my experience the biggest misuse of annuities typically occurs when advisors expect them to do too much. Unlike when I started in the industry, today there are numerous books and articles on annuities – including “Annuities for Dummies”. While some of these books are quite informative, I find that most of them are heavy and dense. They read too much like textbooks or get mired in the mechanics of the annuity contract, or both. I hope you find this book to be both an easy read as well as a balanced account of what annuities can and can’t do for an individual’s retirement portfolio.