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Originally Posted by Travelhunter123
Excellent point
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Totally disagree, first any investment can be set up to avoid probate, that has nothing to do with the investment. Second 4 to 5% historical return is not even a fraction of what you could have been earning. The market is up 547% since 2009. Even 30 year government bonds were paying 6% or greater during that time. Any investment that pays a sales guy 8% commission and has a 15 page contract is not in your best interest. Look up the returns for a vanilla Vanguard 60/40 fund over the past 10 years. Oh also, annuity payments are taxed as normal income, investments are taxed at the much lower (usually) capital gains. The first 77K of income of capital gains is taxed at 0%. Annuities are a screw job for the vast majority of investors.