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Personal Finance and Investing

Abnredleg

(1,122 posts)

1. A single payment immediate annuity

Reply to 3Hotdogs (Original post)

Tue Jan 5, 2021, 09:01 AM

Jan 2021

might meet his needs, given his age. Does he have a wife or children? If he wants to leave money for an inheritance then annuities may not be the way to go. If he does go with an annuity, he needs to stay away from variable annuities - that exposes him to too much risk and he will loose more to fees and commissions.

https://www.investopedia.com/ask/answers/093015/what-are-main-kinds-annuities.asp

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Highlight:

Annuity... Good or bad? [View all] 3Hotdogs Jan 2021 OP

A single payment immediate annuity Abnredleg Jan 2021 #1

Have him call independent financial advisor. CincyDem Jan 2021 #2

Might look into investing $500K safeinOhio Jan 2021 #3

Remember the word 'fiduciary' flamin lib Jan 2021 #4

An annuity is basically income insurance...... lastlib Jan 2021 #5