No. of Recommendations: 1
I'm no expert in annuities but in almost everything I have read they are a great deal --- for the broker selling them.
Things to consider:
Your IRA is already tax deferred. There is no additional advantage of having an annuity inside an IRA.
Annuities typically have high fees, expenses, loads, and surrender charges.
Annuities are sometime appropriate for high net worth people that have already exausted all other tax deferred options.
Be very careful and do your homework before you proceed with a suggestion from your advisor.

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.