Why Advisors Will Likely Clamor Soon for Cheaper Annuities

John Wasik of Financial Planning includes Joe Heider, president of Cirrus Wealth Management, in an article about the impact that the DOL fiduciary proposal could have on encouraging advisors to offer client-friendly, low-cost investment vehicles. “Riders may be more expensive than a mutual fund or managed portfolio, they cost from 1.25% to 1.5% extra. Are they worth it?” he says.