Comments on: Finding the Best Annuity Quotes & Rates

By: Charlie

Charlie — Mon, 28 Dec 2020 19:25:16 +0000

Thanks, Jeff! This is such a well written resource on annuities — detailed and very easy to understand. I’m not looking for quotes at this time (I’m 56), however I would have loved to have seen an example of an annuity going across these 5 example types. For example, how much money needs to be invested in these annuities – $50K, $100K, $150K, etc. and what type of payment would they generate using a random rate just for example purposes. For me, this is always the missing piece of fully understanding annuities. Thanks again for the article!

By: Nancy

Nancy — Thu, 26 Jul 2018 01:20:44 +0000

Mary, you didn’t lose money in American Express or Raymond Jones, you lost money because the holdings you held with them dipped. Plus your expense ratios were higher than necessary, as compared to index funds held with the robo-advisors Jeff mentioned. And for Trump and your cash holdings, whatever excuse you have for holding money is cash doesn’t help you fight inflation.

By: Jeff Rose

Jeff Rose — Sun, 08 Jul 2018 00:14:43 +0000

In reply to Mary kalimnios. Hi Mary - After two hits, I can see why you're concerned. Maybe try working with a robo-advisor that will set up your investments to match your risk tolerance, goals and time horizon. Betterment and Wealthfront are two of the best.

By: Mary kalimnios

Mary kalimnios — Fri, 29 Jun 2018 02:11:24 +0000

Most helpful, I have lost 50k, with American Express in 2000( which was half my life savings at the time) and also lost money with Ameriprise in 2007. I am currently with Raymond Jamesbut recently moved all my money to cash when Trump became irrational two months ago. I am not really sure what to do.