Planning vs. Predicting: Hindsight Bias and Annuities

We’ve recently met with several new clients who already owned annuities — and many of them were surprised to learn the true details behind what they had purchased.

In a few cases, they weren’t fully aware of:

• the ongoing costs and fees
• how the annuity was structured
• surrender periods and penalties
• and just how “locked up” their money really was

Annuities can be useful in the right situation, but they’re often over-sold — and for many investors, they may not be necessary at all. That’s why it’s so important to understand what you own, why you own it, and whether it still aligns with your goals.

🎥 In our newest video, our team discuss annuities, hindsight bias, and how investors can avoid regret-driven decisions.