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Christian Said:
Where can I find the best information on annuities so I can make an informed purchase and where should I buy?We Answered:
To the other persons who answered before me Note 1: She said 8 years not 4 years!Note 2: Only Variable annuities have High Fees. Most Fixed, Immediate and Index annuities do NOT charge annual fees.
The People who hold your Investment account tend to be Biased against Annuities because they want to Sell you a Mutual Fund, Stock, Bond or Hedge Fund instead! Plus, when they have annuities available, the selection is very limited.
If you contact One Large insurance company, that insurance company will try and sell you only on their annuity which may or may not offer you the best interest rate out there!
The best place to go would be an independent professional or a service that provides access to the majority of annuities available on the market and allows you to compare some of these Annuities online 24/7 before you make contact with them. One of those professionals/services is http://www.jdsannuities.com/annuity_rate… . Go and see the difference!
The financial press & media are also biased against Annuities because they derive the bulk of their advertising dollars from the investment firms who advertise in their publications or on their financial shows. Fixed Annuities are Insurance Products and Not Investment Products. Insurance companies complete with investment firms for your liquid assets! Therefore, this battle exists.
Fixed Annuities are safe products that do NOT decline in value like investment products do (I am sure many others have experienced declines in 401K's and other investment accounts since the year 2000 or in your situation 1998).
Kyle Said:
What is your opinion on this...?We Answered:
my opinion is...it's too long to read, i dont have much time....