Annuity Basics
5 Annuity Myths That Cost You Money
Jed Monsen
December 18, 2025
6 min read
Let's debunk the most common misconceptions about annuities that prevent people from securing their retirement.
Myth 1: "Annuities are too expensive" Reality: Like buying quality golf clubs, you get what you pay for. The fees cover guarantees and protections that market investments simply can't offer.
Myth 2: "I'll lose access to my money" Reality: Modern annuities offer flexibility. Many come with liquidity options and withdrawal benefits. You're not locking everything away forever.
Myth 3: "Annuities are only for old people" Reality: Starting early can actually maximize your benefits. It's like getting fitted for clubs when you're young - you'll play better for longer.
Myth 4: "The insurance company keeps my money when I die" Reality: Most annuities have death benefits that pass to your beneficiaries. Your family is protected.
Myth 5: "I can get better returns in the market" Reality: Maybe. But can you guarantee those returns? Annuities aren't about beating the market - they're about guaranteed income you can't outlive.
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About the Author
Jed Monsen — The Annuity Caddie
Jed Monsen is the founder of Today Financial Agency and an income specialist licensed to help retirees across the U.S. build guaranteed retirement income. He works through the math with clients like a caddie reads a course — one hole at a time, no pressure.
