Is the annuity a good investment? Obviously, if the SHTF, it doesn’t matter, but I have been asked to move a good chunk of funds into annuities. What it means is that I would then dump money into another entity that could fail.
“but I have been asked to move a good chunk of funds into annuities. “
who asked?
http://www.fool.com/retirement/annuities/annuities02.htm
Annuities are not great for earning high returns. What most of them offer is safety in that they are sold by insurance companies, most of whom have long records of profitability and stability. Some offer guaranteed small returns (like 1 percent). Mine has a kicker if the stock market goes up—a small increase in the return.
TC