Talk of The Villages Florida - View Single Post - Moving all money .......
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Old 05-02-2023, 08:31 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by JRcorvette View Post
I would look into putting a portion into a few quality annuities. Have a chat with Parady Investments…. No pressure just advise and suggestions. We have been very pleased with them.
I don't like annuities at all. But transferring assets from an IRA into an annuity is almost never a good idea. The IRA is tax deferred by definition. With an annuity, one of the main selling points is that you are getting a tax deferral by buying the annuity and paying higher fees and reducing liquidity.