Fixed annuities (years, older, insurance, return)

[skytrekker]

Anyone here plan to buy a fixed annuity soon?
I feel they are far safer then a variable annuity.

Any thoughts or suggestions?

[norm]

Go to this site and do a search on annuities and you ill find comments by many financial authors and some very knowledgeable people.


Bogleheads :: Index

[maggiekate]

go to the vanguard web site they have a chart where it will let you see what you can make, you can do life, or so many years, etc., you also can op for inflation protection etc.
What i learned, is it say you have 100,000 to invest do a part on for maybe 50,000
then as you get older slowely put say 25,000 more in, then the rest. One sell point
is people are worried about stocks, and outliving their money.

[TuborgP]

Originally Posted by norm

Go to this site and do a search on annuities and you ill find comments by many financial authors and some very knowledgeable people.


Bogleheads :: Index

403(b)wise: The 403(b) Information Center

After that go to the above site and run from the life insurance I mean annuity salesman

[msgsing]

Stay away from variable annuities. As others have said there are layers of fees that really erode your money. Plus, the stock market may remain stagnant or go to the downside again. Fixed annuities could be a viable investment with their stable return. However, all annuities have a contract period, usually seven years.