No. of Recommendations: 0
I recently signed up for my first IRA. It turns out that this is a Individual Retirement ANNUITY rather than an Individual Retirement ACCOUNT. When I found out that there was a difference I went to talk to the guy that opened it for me, (life insurance/financial planner at my wife's employer, an insurance company). He told me that it was my best option because I didn't have the down payment for opening an account with some of the larger companies and the low fees and good returns available with the annuity. Just wanted some opinions and advice, how do others feel about this? What would you have done? What would you do now? If you can answer any or all of these questions I'd apprectite it. Thanks, Justin
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
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 Glassdoor #1 Company to Work For 2015! 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