I hear Annuities are a bigger risk than an asset. What are the pro's and con's. How about for someone 70? - cons of annuities
My father is 71 and has the same dimensions. We try to get their finances in order. We want to consolidate their investments in security measures. We're looking at CDs and money market accounts, but they were informed by a banker pensions. I remember the bad press about this?
Wednesday, January 6, 2010
Cons Of Annuities I Hear Annuities Are A Bigger Risk Than An Asset. What Are The Pro's And Con's. How About For Someone 70?
Subscribe to:
Post Comments (Atom)
2 comments:
The highest-paid product placement manager is pensions. Most are not suitable to sell investors.
Pensions are not backed by a federal task force (like the FDIC). There are better (and cheaper) alternatives. Do not look to banks and insurance companies for investment products.
Firstly, I am a licensed banker is able to sell annuities. Brooklyn was right when he said that the bankers of the license, the more money that what your father had to deposit to earn retirement. However, a licensed bank is the best product based on information recommend that you talk to him.
The rents are certainly better than it was. The best part is that incomes are much more flexible than CDs and money market accounts, because as soon as retirement can live long enough to collect more money than you in retirement. They are also fully by insurance for the amount instead of a value of more than $ 100,000 insured, FDIC-insured deposits as CDs and MMA.
A good idea is usually to diversify their assets into liquid and a good way to make your father had in some Insert CD, some in the MMA and more in an annuity. As I always tell my clients, fixed annuities are essentially a CD through an insurance company, but with more flexibilityIty. It is important to your bank, trust disadvantages, so try one, who attend to know and trust. Like I said, a good banker will do the customer what to advise in the best interest of the customer.
Post a Comment