UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: tonyw44 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75379  
Subject: Annuities May Not Be So Evil Date: 7/27/1999 9:48 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I clipped this from TheStreet.com.

I believe there is a place for variable annuities. They could be considered for part of a portfolio under the following circumstances:

When targeted for retirement years (after age 59 1/2), but held for at least 10 years by an investor who expects to be in the same or lower income tax bracket at retirement.

When investors have maxed out contributions to 401(k)s, IRAs, 403(b)s and the like.

When investors plan to take the money out over a few years, not in a lump sum.

When somebody can benefit from the variable annuity's guaranteed death benefit.


Note that there are only a few situations where they make sense.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (16) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Post of the Day:
Value Hounds

Mylan Transitioning from Generics
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement