Dr. Sabrina Scott makes an analogy between shopping for an annuity and shopping for a dog, making the point that there are many different breeds of dogs and many different kinds of annuities and that not every breed or annuity is going to be suited to every lifestyle or need.
DECATUR, GA, May 9, 2019: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new blog on the firm’s website entitled “What Fuels The Fear Of Annuities,” in which Dr. Scott offers her take on what is at the bottom of the fear.
Dr. Scott writes, “I’ve thought about this long and hard: Why are people afraid of annuities?” “In my experience,” she continues, “I have found that most fears come from a misunderstanding or lack of knowledge. When it comes to annuities, the misinformation is rampant.”
“Here’s what I think is at the root of the fear,” writes Dr. Scott. “Most people don’t understand the purpose of an annuity, and as a result of this, people get sold the wrong kind of annuity (there have been lawsuits because of this).”
According to Dr. Scott, “The truth is that an annuity can be a powerful tool in retirement. The analogy that I like to use is that annuities are like dogs.” She elaborates, “You may be a dog lover, however, dog types range from Chihuahuas to Great Danes and not every dog will be suited to you and your lifestyle. You have to be very careful when deciding what dog will be the right match for you. And, there will be cases when some people will not be served by having a dog at all! Maybe a cat will be more suitable.”
The entire blog can be read at http://redfeatherfinancial.com/what-fuels-the-fear-of-annuities/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.