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Personal Finance and Investing

PoindexterOglethorpe

(27,040 posts)

7. There are annuities, and then there are annuities.

Reply to mopinko (Original post)

Sat Aug 27, 2022, 09:45 PM

Aug 2022

They are not all the same, and the general trashing of them here is unwarranted.

I am taking the income from two annuities right now. I have a wonderful advisor who got me into them about a decade or so ago.

They are actually rather complex, and you probably need good advice from a good financial person before you consider purchasing any. Your exact goals, which you've outlined here, are very different from mine which was to provide me income in later life with residual value for my heirs.

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i have a question about annuities. [View all] mopinko Aug 2022 OP

QUICK research, for which I cannot vouch: elleng Aug 2022 #1

but they have retirement ones. mopinko Aug 2022 #2

Astute investment advisers do not recommend annuities. empedocles Aug 2022 #3

oh i know. mopinko Aug 2022 #5

I have done a revocable trust, which is very flexible for varying needs over time. Use mutual funds empedocles Aug 2022 #4

thank you. mopinko Aug 2022 #6

There are annuities, and then there are annuities. PoindexterOglethorpe Aug 2022 #7

I've always viewed annuities with a jaundiced eye CountAllVotes Sep 2022 #8