Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Should my mom buy an annuity?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]There are instances in which deferred annuities may be a good idea. For example, I may put some of my retirement finds into a deferred annuity in my early 50s as a retirement planning tool. It will be money I have absolutely no need for, though, for 10-15 years. Statement like "all deferred annuities are ripoffs" are made by ill-informed individuals. However, it's not appropriate for someone in your mother's situation. One of the keys is that though the payout could begin in 3 years, the surrender charge, bonus recapture and MVA apply for 10 years. That means that she'll be penalized for taking payouts. Not good for someone who is talkign about investing all of her retirement assets. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
