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Personal Finance and Investing

lastlib

(26,132 posts)

5. An annuity is basically income insurance......

Reply to 3Hotdogs (Original post)

Fri Jan 8, 2021, 01:14 AM

Jan 2021

I don't advocate them, but I imagine they have a place with people who don't have fairly reliable prospects long-term for steady income. They come with steep fees/premiums, though, and I think there are generally better ways to get the same income that an annuity might give.

Those are just my general impressions of them, not based on any objective evidence.

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Annuity... Good or bad? [View all] 3Hotdogs Jan 2021 OP

A single payment immediate annuity Abnredleg Jan 2021 #1

Have him call independent financial advisor. CincyDem Jan 2021 #2

Might look into investing $500K safeinOhio Jan 2021 #3

Remember the word 'fiduciary' flamin lib Jan 2021 #4

An annuity is basically income insurance...... lastlib Jan 2021 #5