ANSWERS: 6
  • No. Annuities are complicated, filled with fees and a pain in the ass. Talk to a financial advisor and look at other options. You can get in with a brokerage firm that will be able to invest it better and give you better control.
  • it might be, dont know much about it
    • Ryan Polimeni
      Just got to know how wonderful the annuities are. They provide us the option to save for right now for our future via a monthly premium as well as an accumulated cash payment. Also, there are plans that allow to invest part of premium in the market and earn a profit on the same. I am so happy that I went through this informative and pretty useful portal www.optinsure.com and got to know so much about the annuity insurance.
  • If you're maxing your IRA and 401k now and want to put away more, Fidelity has variable annuities which are not loaded with high fees, and you can defer as much after-tax income as you want.
  • NO! No annities! Highly recommend you talk with a financial planner through your credit union or bank or a referral from a friend to give you advice and direction. https://www.forbes.com/sites/feeonlyplanner/2015/07/15/annuities-the-good-the-bad-and-the-ugly/
  • I agree that you need to talk to a financial planner as annuities are generally not considered a good idea but good for you for considering this at your age. All your friends who say they would save for retirement but can't afford to need to change their priorities. People who laugh and say I will just have to work till I die only works if you die very young. Most important thing to remember in this regard: there are no "do-overs".
  • When I listen to financial advisors on TV and radio, NO

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