What aspect of an annuity would a retiree likely find complicated when considering options?

A retiree would likely find navigating financial terminology complicated when considering annuity options due to the specialized language often used in the financial sector. Annuities come with various terms and concepts such as "surrender charges," "accumulation phase," "annuitization," and many others that may be unfamiliar to someone who isn't deeply versed in finance. This complexity can create confusion and make understanding the product more challenging, as retirees need to grasp these terms to make informed decisions about their investments and ensure these products align with their financial goals.

In contrast, while understanding investment returns, calculating tax implications, and assessing withdrawal penalties are also important considerations when looking at annuities, many retirees may have some prior knowledge or resources available to help them in these areas. The intricate language and nuances of financial terminology can be particularly daunting, leading to misunderstandings about the product's features and benefits.