Quote:
Originally Posted by Eg_cruz
Agree and disagree
Not a fan of income annuities but simply Fixed or Fixed Index have a good place for you safe funds. I five year fixed annuity paying 5.05% guaranteed for the your safe funds make sense.
An Index Annuity with income riders is what a lot push here in TV and I agree those are bad but an Index Annuity with no rides can be a way to safely grow your funds without fees or risk to your principal.
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Why not just buy CDs with your safe money?
Also, if some of your money is invested in stocks, you will get a reduced capital gains tax rate, but any income you earn in an annuity is taxed at your ordinary tax rate.