Skip to main content
No. of Recommendations: 0
I h ave an IRA ACCOUNT in CD which will mature shortly. I am thinking of putting it in an annuity. This is a single premium deferred annuiy with equity index option. Suppose to pay interest based on the S& P 500. I am not sure if this is a good investment? I am 70 yrs old now and will be required to withdraw 10% each year at 70-1/2 year old - and doing so will not be penalized by the company. How does an annuity account compare with CD's, MM, etc? Is this a good move? I would aprpeciate any help from someone who knows annuity, insurance, etc??? Thanks.
Print the post  


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.
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.