[Robbb]

Originally Posted by rsmurano

If you bought an annuity you already suffered a hit probably close to 10%, so if they let you out, assuming there are no more fees attached, you already paid the fees.
Annuity is the WORSE financial move anybody could make. Most people buy annuities because they don’t know how to invest in the stock market, and when the piranhas hear this, they offer you peanuts in guaranteed withdrawals but hide all the high fees and people think this is heaven.

Don’t let people fool you, we were in a recession 2.5 years ago by the technical standards, and the worst economy and inflation in 40 years, 2.5 years ago and It’s still not good today. Why do you think big investors are selling. 1/2 my holdings are still in money market making over 5%, while the other 1/2 is making a minimum of 35% to 70% with very very low risk and 3% dividends. If I thought the economy was doing great, 100% of my money would be in stocks/funds.

Where are you getting 35 to 70% returns on a very low risk investment?