3 Things to Know About Annuities

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I guess people tend to have a bad decision about investing. We Should consult first a Professional Financial Adviser to know more how complex this investment is. Not all people fits investing into Annuity should have a good knowledge first to have a right track in the future.

Harvey Timmons of CA 9:53AM September 06, 2012

Not sure I am in agreement with some of your statements on Annuities. You mention they are not a good idea now because several years ago they paid 7%. Well, compared to a bank CD (that by the way, paid 5-7% several years ago, and 15% back in the 80's!) the rates and guarantees are several times that offered by any bank, for that matter. You also mention there are no guarantees? Where have you been hanging out? For 20+ years now, the Legal Reserve was created and monitered by every single state in the union called the State Guaranty Fund. You have guarantees form $100-$500,000 depending on where you live that back FIXED and FIXED-INDEXED annuities. If you are mentioning or referring to VARIABLE ANNUITIES, which have NO guarantees, than say that. Please have your facts before writing these articles. I have been helping clients for 20 years with insurance products and sticking with A rated companies and those companies on the Ward Top 50 companies list is certainly a good bet for your clients money when they are the conservative type.

Dan of AZ 2:23PM April 19, 2012

This is a really one-sided article. These are definitely valid arguments regarding annuities, but there are solutions to the concerns raised in this article. The "complications" associated with death benefits and spousal benefits are actually worthwhile annuity options that work well for many people. And while there is not FDIC insurance for annuities, most states offer a guaranty on your money up to a certain amount. Annuities are not perfect, but they offer benefits in retirement to many retirees.

Rachel Summit of OH 9:51PM April 11, 2012