Annuity

[Anonymous]

Anonymous wrote:No they are not worth it. Only worth it to the broker who is selling it to you. What it is; you invest a chunk of money, say $1 million. You are guaranteed an amount of money every month or year for life, say $50,000 per year for life.

Why it's bad; broker gets a big commission, and you can do better investing your money in an index fund for example, and get more than $50,000 per year

There are no guarantees. And especially no 5% guarantees. SWR have been challenged. Dividends can be dropped. The future of the stock market may look little like the past.

[Anonymous]

Anonymous wrote:

Anonymous wrote:No they are not worth it. Only worth it to the broker who is selling it to you. What it is; you invest a chunk of money, say $1 million. You are guaranteed an amount of money every month or year for life, say $50,000 per year for life.

Why it's bad; broker gets a big commission, and you can do better investing your money in an index fund for example, and get more than $50,000 per year

The above post was brought to you by Ken Fisher

Why do you say that? This advice is right. Are you an annuities salesperson?