Financial Planning: Annuities : What Is an Annuity?

An annuity is an insurance instrument that insures retirement. Learn about annuities with information from aregistered financial consultant in this free financial planning video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC

Finding the present value of an annuity using a financial calculator or an annuity table.
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Annuities For Dummies

  • ISBN13: 9780470178898
  • Condition: USED – VERY GOOD
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Why look into annuities? If you’re a Baby Boomer with little or no pension and most of your money in low-interest savings accounts, an annuity may be the key to a secure and comfortable retirement. How can you find out whether an annuity is right for you? Read Annuities For Dummies, 3rd Edition. This completely revised and updated, plain-English guide is packed with the latest information on choosing the best annuity for your retirement needs. You’ll find out exactly what annuities are, whether they’re the right financial vehicle for you, and which of the many annuity options might have your name on it. You’ll learn the ins and outs of using annuities to fund your retirement years, figure out whether to stress investments with insurance or insurance with investments, and find out how the right combination of annuities can help you squeeze more income out of your savings that any other financial tool. Discover how to: Identify the main types of annuities W

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Question by grnidbryn: Annuity????
At what time is an annuity a good idea for investing for retirement?

Best answer:

Answer by Sal
Probably never. They are very expensive, restrict your investment options and your ability to make early withdrawals.

Max out your 401K and/or IRA’s. Invest in low cost mutual funds with good track records. I think you will find yourself better off than if you bought an annuity.

Give your answer to this question below!

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  8. The Economic Theory of Annuities
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Reader's Responses:

  1. annuity2buy says:

    great info

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  3. MotoRobby6 says:

    gud info.

  4. annuity2buy says:

    good analogy

  5. nbastar0 says:

    this was great! thank you!

  6. peh1696 says:

    Thanks for the hard work!! ;)

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