Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   Investment Talk (https://www.talkofthevillages.com/forums/investment-talk-158/)
-   -   Please tell of any experience you had with any ANNUITIES purchased in The Villages (https://www.talkofthevillages.com/forums/investment-talk-158/please-tell-any-experience-you-had-any-annuities-purchased-villages-340006/)

npwalters 03-24-2023 06:40 AM
Quote:
Originally Posted by Packer Fan (Post 2200781)
An annuity is not an investment, it is insurance. There is the mistake.
Actually, while most annuities are sold by insurance companies, a lifetime guaranteed annuity is the exact opposite of life insurance. In a lifetime annuity the company is betting you will die at or before an age calculated by the company.

Packer Fan 03-26-2023 08:42 AM
Quote:
Originally Posted by mazbarth (Post 2200559)
I lost a great deal of money leaving money in an annuity! Find a different way to invest.
Only way you can lose money in an annuity is in a variable annuity. One of like 20 types so let’s condemn every annuity. I suppose you love stocks and bonds because you can’t lose money right?


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