Talk of The Villages Florida - View Single Post - Fixed Indexed Annuity
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Old 07-14-2023, 07:45 AM
retiredguy123 retiredguy123 is online now
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Quote:
Originally Posted by Eg_cruz View Post
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.
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.