jkern
Full time employment: Posting here.
I am planning on depositing $80K in a 3 year CD for 1.75% per year. The CFP at the bank is promoting a 3 year Fixed Annuity at 1.95% per year. I looked through the documentation and there appears to be no fees of any kind. The CFP says there are no fees. It seems that the only real difference is the early withdrawal penalty which is much much higher than the CD.
Am I missing something? I though all annuities had fees. Does the Fixed Annuity make sense? I'm 99.9% sure I won't need the money in less than 3 years.
thanks
Am I missing something? I though all annuities had fees. Does the Fixed Annuity make sense? I'm 99.9% sure I won't need the money in less than 3 years.
thanks