Is it worth my time to buy annuities at 33? "I can have multiple?
Annuities are only for older persons to ensure some kind of pension, or can be purchased early and are derived from there?
You've gotten some pretty good input from others who have responded to your question. I'm going to say on the side of the annuities are not the best option. The main reason I say this is because of higher rates and the period longer delivery penalty compared to mutual funds. If you are considering a fixed annuity that you will find that the rates are good compared with a CD, but well below the long-term trajectory of a well-managed mutual fund. You will also pay higher fees and taxes by removing fixed annuity funds so that reduces the return you receive. If you are considering a variable annuity comparison is even worse. Variable annuities have the same fees associated with the investment management of mutual funds have. Moreover, the annuities are priced insurance fee associated with it that mutual funds do not have. Those who sell annuities give you the point that grow tax-deferred annuities, while you have to pay income taxes capital and dividends each year with a mutual fund. The truth of the matter is that well-managed growth mutual fund should be tax efficient. (Very little capital gain and dividends) Finally I will discuss the delivery period associated with annuities. I've seen some annuities with surrender periods as long as 12 years to avoid penalties. Indeed, you agree to stay in this investment of up to 12 years regardless of the type of performance you are looking for this investment. If you decide to withdraw your money you get beaten with huge penalties. Some annuities have addressed this issue and the shortening of the period of delivery, but still are many and I have discussed. Annuities I would not say "never" serve a useful purpose, but I would say that for many people now annuities have the vast majority would be better served in well-managed investment funds. I hope this was helpful. Good luck.
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