Quote:
Originally Posted by Eg_cruz
Disagree immediate annuities are not paying anything…….just put the money in the bank and get better interest
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I mentioned it in case the OP wants security of monthly income, although not inflation protected, and low fees.
The benefit of an annuity is if you live until 110 you still get paid even though you long ago got all your money back. Thus your health should be considered.
You are correct that an annuity is not a good investment product but it can be good for those that want security and do not want to rely on investment results.