Take the interest-rate environment into account. Annuities tend to offer smaller payments when prevailing interest rates are low. ... Plan with your spouse. You can get a joint fixed annuity that pays until both you and your spouse have passed away. ... Plan for inflation. ... Minimize fees. ...
Fixed-Index Annuity: This option has tax-deferred growth or, if you elect the guaranteed lifetime withdrawal benefit, you can meet predictable income goals. Immediate Income Annuity: As the name suggests, this option is best for those with immediate income needs.
Why Searching for the Best Annuities on Your Own Can be so Frustrating... Use the internet cautiously; Work with a vetted and experienced specialist; Do not settle for that one dubious best plan. ... Be keenly aware of scare tactics and hyperbole - avoid those advisors and websites; More items...
Why Annuities Are a Bad Investment. By Leann Harms. ... Fixed rate annuities create an even bigger risk, because of increased cost of living and inflation. If you lock in a guaranteed rate of return on your annuity, you may miss out on increased interest rates and jeopardize your chances of a maximum return.
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