Views or opinions based on faulty thinking or understanding often get in the way of informed, solid decision-making and accurate understanding of social norms.

You probably encounter myths and misunderstandings when discussing retirement planning and annuities with your clients (or you may have these misconceptions yourself). Since June is National Annuity Awareness Month, this is the ideal time to address annuity misconceptions with evidence that reveals the reality and advantages of these solutions.

For more information about annuities, visit the Advisor Tools page on LLIS.com.

Jerry Skapyak is LLIS’s annuity SME. Nothing makes him happier than talking annuities; except maybe winning a cornhole tournament on a Tampa Bay area beach.