Annuities are a good way to invest your money if you purchase them for reasons that align with your financial goals. You can buy annuities for reasons including safety, long-term growth, or income. For example, fixed annuities may be a good low-risk option instead of a certificate of deposit that offers low interest rates. You may get variable annuities for long-term growth that are tax-deferred. You may choose annuities that provide you with income in the future.
When are annuities a good investment?
Annuities are insurance products that people can purchase to ensure they receive a certain amount of income during retirement. They can be a good purchase when you know where they fit in with your other retirement goals. Before buying annuities, make sure you know the fees you will pay and the amount you will receive from them.
When are annuities a good investment?
Annuities are insurance products. This means you buy them to reduce some of the risks associated with investing money. Some annuities, such as variable ones, offer a choice of stock and bond portfolios presented as investment options within the insurance contract. Others are pure insurance rather than investments.
When are annuities a good investment?
When are annuities a good investment?
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Source: https://www.thebalancemoney.com/are-annuities-a-good-investment-2389015
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