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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

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  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

What are some of the disadvantages of annuities?

While annuities have many benefits that attract investors, they also have several drawbacks. For example, deferred variable annuities tend to have high yearly expenses that impact returns. Also, annuities typically have significant surrender charges if you take out a certain amount of money within a given time period.

Overall, four major issues have arisen with the growing popularity of annuities:

  1. High fees that reduce the overall value of your return
  2. While annuities are suitable for some investors, they are not appropriate for all
  3. No additional tax benefits if the annuity is through a tax-advantaged retirement plan
  4. They are risky because the principal is unprotected

Make sure that you fully understand the advantages and risks of annuities, before investing your money. If you have lost money and believe your broker could have been responsible, contact an experienced securities arbitration attorney from our office. We will evaluate your claim for free.

For more information, call us toll-free at (888) 390-6491 or fill out our online form.

You can also learn more about annuities by watching Attorney Dave Meyer's video below.

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Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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