What is the value of the annuity by just putting the money in cd / savings and the development of interest?
My financial adviser Ameriprise is recommending an annuity. But what is the advantage of an annuity instead of lump sum put on CD and / or savings account with good interest? It seems like you still can take the interest that could continue contributing to the top ?…. Thanks to those who respond.
99% of people do not need a annuity. The committees are strong (5-10%) of their money upfront and then 1% per year in maintenance costs. The only value is the financial advisor of the committee because he / she receives. For tax-deferred savings, go with an IRA. Anything above the maximum contribution, made by S & P 500 exchange traded funds stock market as a hedge against inflation and escalation CDs to earn interest. It is to bring prestige to the financial community. Dilbert's Guide investment: make a will. Pay your credit cards. Get a term life insurance, if you have a family to support. Fund your 401 (k) to the fullest. Fund your IRA to the maximum. Buy a house if you want to live in a house you can afford. Put six months expenses in a money market fund. Take the money is left over 70% and invest in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement.
Retirement Planning : What Is the Difference Between an IRA & CD?
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