Quote:
Originally Posted by schrdr
I hear a lot of talk about "Don't Buy Annuities". I agree that not all annuities are the same and everyone is different. But my experience is just the opposite. In 2005 I bought 4 large annuities. For 3 years they grew as did the market. When the market crashed my friends with stocks, Mutual Funds lost 50% of their net worth. My annuities switched automatically from a market based to a fixed rate. In the ensuing years as everyone lost a ton of money, my annuities rose at a steady 7% in the worst economy since The Great Depression. I never lost a penny and made a lot of money with never a worry. Annuities are the reason I am here now living the good life.
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I second that, not the 7%, we never got that high, but we lost nothing when the markets crashed.