A recently retired client is offered an indexed annuity with a 10-year surrender schedule, a participation cap, and a guaranteed lifetime withdrawal rider. The client wants inflation protection and access for home repairs. What should the planner focus on first? The planning file also notes a 6-month review deadline, $16,000 of discretionary liquidity, and a 26% marginal planning bracket; these details should be considered only if they affect the annuity suitability issue.
