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Investing/Strategies / Retirement Investing
|Subject: Re: Hartford Annuities||Date: 1/16/2004 8:11 AM|
|Author: buzman||Number: 38565 of 82321|
Still plan to be gainfully employed till 55 or so with about $125,000 annually.
>>>>>Annuties are subject to a 10% penalty if they are not held to age 59 1/2. Plus you lose any LTCG with them. Plus they have high annual fees. Finally there is not stepup in basis at death.
The fixed is paying 4.6%, and invests almost all in American Funds which I have had forever and perform very well.
>>>>>> I did not look at the prospectus but fixed annuities generally are not invested in mutual funds, variable are, however.
>>>>>>I would be very cautious about investing in annuities. Given the amount of money you are spending I would certainly get a second opinion. Preferably from someone who is not selling annuities.
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