Wealth advisor Ben Barzideh, ChFC®, is quoted in a Financial Advisor magazine article by reporter Ben Mattlin focusing on the topic of generating retirement income with annuities. Barzideh provides a contrarian view to retirees utilizing annuities as a strategy, and says they can be a rather expensive tactic. “If I told you to give me a big chunk of your money right now, and I’ll give it back to you in small installments over the rest of your life, and I’ll hardly add any interest to that pool of money—that doesn’t sound like something any reasonable person would do, does it? But that’s the concept of annuitization,” he offers.
