[JRcorvette]

Originally Posted by WiseSpender

There are so many agents here selling all types of annuities here in The Villages. Usually that means something. If you see a lot of something being peddled for a very long time in a certain locale, it means that the item being peddled is being successfully sold in significant quantities to the locals . Up north, annuities are rarely mentioned anywhere , but down here in our community, it seems to be as natural a phenomenon as golf carts . I was wondering if any of you can impart any of your own experience with any annuity you purchased while down here (and who you purchased from), and how it has performed for you (if you could also provide numbers, rather than saying, "It has done well for me" or "It was a big mistake", that would be more useful).

You need to know who you are buying form and fully understand all the facts about the annuity and the company including the small print. We have half our money in several annuities because we do not want to have to worry about the crazy Stock Market ups and down. We don’t have 20 years to recoup a big market loss. No retired person does. So for us having some money in an annuity is a safety net. Parady Investments is an excellent company to deal with. They just merged with a large company Risk Strategies but Parady is being run by the same people and doing the same thing they have been doing for years. We have done Very well with them. We are also keeping a chunk of Cash on the sideline.