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Reply to "Tell me about annuitys"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP - don't rely only on the advice of DCUM. Best thing to do is talk to a Fiduciary (fee only advisor). They do not work off commission, and will be upfront with you. Give you the pros and cons. https://www.napfa.org/find-an-advisor There are cases where annuities are a good investment to have for certain people - not everyone, [b]but some people.[/b] [/quote] like...??[/quote] Widows who are likely to blow an insurance payout on gambling or shopping. Lottery winners who are likely to blow the proceeds on more gambling or overall ridiculous expenditures till the money's gone. That's about all I can think of. Trusts are generally set up for inheritors who will do similar stupid things with a lump of cash that could last a long time.[/quote]
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