2019 Mar 21, 12:38pm
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As long as the annuity company doesn’t go balls up. Annuities are not insured.
Always look and see what the guaranteed rate of return is, typically it quite low.
In reality, annuities are not a 'great' investment. At best, they're the equivalent of having a tax deferred CD, for money which you don't need for another let's say 15 to 20 years.
I'm not really using all of my post-tax cash, on a day to day basis.And thus, isn't it better to let that cash grow, tax deferred, on an annuity vehicle, with the idea that at the age of 59.5, I can get a steady paycheck "for life" or let's say a 20 year distribution.
So much can change, including the tax laws