Skip to main content
No. of Recommendations: 0
Recently a representative from my mother's bank approached her to have her money switched from
a money account into an annuity. She fears taking that advice..What information does she need to
make any changes at her age...I would like to pass your wisdom to her...Thank you very much

Annuities are a VERY good deal for the banks, and they are trying to sell them to lots of elderly people.

That ought to give you a good idea of what type of deal it is for the purchaser.

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.