Posts Tagged ‘annuities’

Are annuities right for you?

Posted October 22, 2008 by Bernz

I saw an ad touting how annuity investments protect and guarantee retirement income for life. There are two types of annuities: fixed or variable. A fixed annuity provides a specific amount of money each month for the rest of your life. A variable annuity is either immediate or deferred.

My question is what type of individuals reap the most benefits from annuity investments, particularly given the high fees and cost associated with them.

In Mark Henrick’s article Attraction of Annuities Is in the Eye of the Beholder, I found an answer compatible to what I’d always thought: Annuities best serve people, usually in their 30’s who are looking for tax-deferred breaks and that have already maxed out their 401K and IRA contributions. And of course if you’re in a high income bracket.

(more…)


Posted in Financial Goals, Retirement Planning | 1 Comment »


Disclaimer:

All the articles and content written here on Invesmint.com is for general information only and based solely on the authors personal opinions and discretion. It was not and should not be a substitute for professional advice. Visitors of this site (Invesmint.com) are encouraged to seek appropriate professional advice before acting upon the content or information from this site. Again, the content of this website is not a source for professional advice.

INVESMINT.COM hereby excludes liability for any claims, losses, demands, or damages of any kind whatsoever with regard to any information, content, or services provided at our web site, including but not limited to direct, indirect, incidental, or consequential loss or damages, compensatory damages, loss of profits, or data, or otherwise.