Seen today, low interest rates if a 70yr. old buy a fixed immediate annuity?
I understand that the monthly distribution from a pension would be less today than say a year ago due to the current environment of low interest rates exists.
Even if I wasn't 70 years, I wouldnt go anywhere near an annuity. make better use of your money and put it into investments fixed income such as U.S. treasuries and al … Remember these 2 rules as it relates to annuities … Rule # 1 —– annuities do anything else that the insurance company that issues the money … PERIOD …. Rule No. 2 … Never forget Rule # 1 ….
What are annuities? Should you buy fixed variable annuities?
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