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By Donna Rosato
July 21, 2016
BEVERLY HILLS, CA - 1987:  Comedian and film star Rodney Dangerfield poses during a 1987 Beverly Hills, California, photo portrait session to promote his return to Las Vegas. Dangerfield starred in several hit movies including,  Caddyshack,   Easy Money,  and  Back to School.  He died of heart complications in 2004. (Photo by George Rose/Getty Images)
BEVERLY HILLS, CA - 1987: Comedian and film star Rodney Dangerfield poses during a 1987 Beverly Hills, California, photo portrait session to promote his return to Las Vegas. Dangerfield starred in several hit movies including, "Caddyshack," "Easy Money," and "Back to School." He died of heart complications in 2004. (Photo by George Rose/Getty Images)
George Rose—Getty Images

Jane Bryant Quinn, legendary financial journalist and author of How to Make Your Money Last, explains why many people believe that annuities are the “Rodney Dangerfield” of investments.

The late comedian Rodney Dangerfield was famous for his self-disparaging one-liners and his catchphrase “I don’t get no respect.”

The reason that Quinn says annuities get no respect is that potential buyers are afraid they’ll be a sucker if they buy one. They’ll give money to an insurance company in return for a lifetime stream of income, but if they die soon afterward, they’ll have recovered hardly any of the annuity’s cost.

The type of annuity Quinn recommends is the plain-vanilla version known as an immediate-pay annuity or immediate annuity.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

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