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[quote=Anonymous][quote=Anonymous][quote=Anonymous]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[/quote]

If you get one through the TSP there is no commission. It can make sense anyway under certain conditions. But I agree it is not for most people. And don’t let anyone sell you one.[/quote]

NP here. Getting one without a commission would negate a lot of the criticism that annuities get.  That said, I understand the points about index funds growing etc.  It seems like another point made in this thread about having a portion, but not all, of one's 401k converted to an annuity could make sense for anyone who wants to know what he'll be getting every month without fail.[/quote]

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