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Re: Confused with annuities

Thank you for all the help and responses. After reading all the links, and looking at my notes, I think he was talking about a single payment annuity. He did say the annuity take 1.65% and he gets paid from that. He also said there was a 8.75% surrender charge. I know there's a death benefit, but no...
by minne55402
Sun May 05, 2013 9:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Confused with annuities
Replies: 20
Views: 1104

Confused with annuities

Hello all I’ve just joined and have been doing a lot of reading. I think I’m starting to get a handle on this. I think. :confused I need some help with an annuity. I have a financial planner wanting me to invest in one. He says it will pay 6% guaranteed. But how can these companies payout so much? I...
by minne55402
Sun May 05, 2013 3:23 pm
 
Forum: Investing - Help with Personal Investments
Topic: Confused with annuities
Replies: 20
Views: 1104

Re: Retired and where to invest?

Thanks for the reply! I can't make it tomorrow. I wish I knew about the forum earlier! Roughly the breakdown is as follows: 30% joint accounts 15% Roths 55% IRA's My 401k money is in this mixed. I retired and had to take my money out, so I need to figure out where to put it. I did meet with an advis...
by minne55402
Fri May 03, 2013 9:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired and where to invest?
Replies: 10
Views: 1168

Retired and where to invest?

Hello I was just refered over to this forum and wanted to ask you all a few questions. My husband and I retired last year. We're both 67. Right now, we are living off social security and about a $1000/month of income from a part time job. Our house is paid for and our expenses are the basic necessit...
by minne55402
Fri May 03, 2013 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retired and where to invest?
Replies: 10
Views: 1168

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