Comments on: Are Annuities a Good Investment? The Good, Bad, and Real Ugly

By: charles

charles — Fri, 30 Aug 2019 15:30:20 +0000

SBLI insurance is offering a 5 year fixed annuity at 4% compounded that I can lock into today up until 10/ 7/2019 I have invested a sizeable amount in TD ameritrade managed account, have to pay .47% a year for manage fee, in my case that’s close to $2,500 a year, there set up for me is that I basically would get a return about half of what the market does, do I really think the market is going to average at least 8% a year for the next 5 years? where as with this deal I’m guaranteed the market will do 8% a year for next five years, what do you think, thank you.

By: Jeff Rose

Jeff Rose — Sun, 08 Jul 2018 00:35:03 +0000

In reply to Pauline Linden. Hi Pauline - There's no one answer to that question. I'd start by saying if you're satisfied with the performance of the 403b you should leave the money where it is. If you feel you'd do a better job investing on your own, move it to a self-directed IRA. You can also move it to an IRA with a managed platform, like a robo-advisor if you want out of the 403b but don't know much about investing. I'd talk with trusted financial advisors before doing anything with the plan.

By: Pauline Linden

Pauline Linden — Wed, 04 Jul 2018 14:47:08 +0000

What is the best rollovers from a 403b when retiring at age 76?

By: Jeff Rose

Jeff Rose — Fri, 12 Aug 2016 00:15:36 +0000

In reply to Luke Yancey. Hi Luke - I've pretty much explained the different types of basic annuities in the article. Maybe it's time for you to talk to an advisor or agency who offers them and find out which is best for your circumstances. For example, you could call me!

By: Luke Yancey

Luke Yancey — Tue, 05 Jul 2016 14:31:58 +0000

So I understand your definition that annuities are basically fixed sums of money you pay to someone each year for the rest of your life, but what are they generally for? I just started working and have been hearing about annuities a lot lately, but like a commenter already said, I am a little confused about how this whole process works. Could you explain the different types of basic annuities and why so many people have them?

By: Confused

Confused — Sun, 26 Apr 2015 19:07:48 +0000

AssetLock looks interesting. But despite the video, I can’t seem to figure out how it actually protects my money. It doesn’t sell your assets, so how does it actually protect you from a market crash?

By: Jordan

Jordan — Tue, 31 Mar 2015 15:42:25 +0000

Great insight here. I do always like that, like many financial questions, the answer really IS just…. it depends! I think you did a great job overviewing what annuities are and the risks involved, though. Thanks for sharing!