What are some things to watchout for when doing annuities?
I’m not much of an investor, my parents are considering a fixed annuities. So I thought maybe I would ask those here who are more experienced and knowledgable about things to watch out for when considering annuities so my parents don’t get screwed.
Related posts:
- Three Things To Consider When Choosing A Unit Trust With so many funds to choose from it becomes harder...
- Ten Things the Average Person Does not Know About Annuities Deferred annuities possess characteristics found nowhere else. They play an...
- Why I like Fixed Annuities|Good things About Fixed Annuities|The benefits if Fixed Annuities Financial products, like everything else, evolve over time. Financial institutions...
- Selling Annuities: Important Things to Know Annuity is just like any other investment we make for...
- Annuities Marketing Retirement pension Would you be brave enough to opt for...
Comments
Really depends on what type of Annuity it is. Really an Annuity is just a fixed payment stream, so your concerns are rates, terms of finding and credit risk – that obviously gets more and more complex dependent on your structure.
Give a bit more info and I can add more.
Surrender fees, high expenses, commissions for your agent. Your parents are almost certain to get screwed. If they MUST HAVE one of these ‘turkeys’, buy from Vanguard. They are the lowest cost provider to these generally high expense, low return products.
Leave a Comment