GollumLives asks,Annuities - are they good for the investor or the advisor? I have a roll-over IRA from an pension plan and my advisor with UBS want me to invest in American Legacy. I hear annuities are a great alternative to CDs - tax deferral, competitive interest rates, safety rated A+, probate avoidance and other advantages. It would only be a part of my investments, from a third to a quarter. Does it make sense inside of an IRA or is it better for UBS than it is for me? It's definitiely better for UBS than you. Putting an annuity inside an IRA just adds another layer of unnecessary fees on top of the excessive fees you're already paying to your full-service broker.Show me a financial advisor who wants to put an annuity inside an IRA and I'll show you either a quack or a thief. Run away from this guy as fast as you can.intercst
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