Annuity for retirement
Should I invest in an annuity to regulate my retirement money?
Terry Says
It’s tempting to get a promised check a month for life. But that check will not be adjusted for inflation. And at only a 3% annual inflation rate, the spending power of your money will be cut in half in 25 years. Not to mention that when you give your money to the insurance company to purchase the annuity, you can’t get it back. You lose “liquidity” and might need that money for an emergency.
So it depends on how much of your retirement funds you are considering investing, and how old you are now. Go to www.StantheAnnuityMan.com to find out if you’re getting a fair deal on the annuity someone is trying to sell you.
