The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: Annuities..pros and cons Date:  9/23/1998  1:27 PM
Author:  peppermintpatty Number:  60 of 20592

With some postings' tone I guess the authors refer to "immediate annuities" which exchange a lump sum for a guaranteed stream of income. A very useful tool throughout retirement years is a "variable deferred annuity" which can allow (unscheduled) withdrawals and also provide several investment options, from fixed rates (similar to 1-year CD rates) to stock funds, bond funds, international funds, etc. Sure, there are fees (account fees, investments management fees, etc.), but the bulk of your money can grow tax-deferred while you withdraw only what you need. While it's not perfect for everyone, it certainly offers some benefits to those who can use them! PP
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us