Upper-middle class twits. All these people squawking and spewing, but nobody mentioned a death benefit--that shows that they don't know shit. A variable annuity product is a form of insurance essentially, so if you are smart you pay for a brand-name because you're in a world of hurt if Flybynite Insurance Co. goes under during the time you are expecting a check. Also, the reason why big insurance companies sell way more annuities than insurance in the 21st century is because the annuity products can and do guarantee income in retirement, which is a big fucking deal in the age of our failed 401k social experiment.
If you have a proper amount of life insurance and a retirement account and maybe some money in mutual funds, then an annuity can be an excellent choice. Fixed annuities offer guaranteed payouts--as long as your insurance company doesn't go under--and the variable annuity is more of hedge against inflation--plus these things offer a death benefit if you happen to die before the annuity period begins. Since nothin' of value is ever free, decide if the annuity is worth payin' for. But don't listen to the dipshit twits on the Serotta forum.
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