Thanks guys - I really don't think the Annuity in this case is for me - I will stay away. I see lot's of folks said I could do better myself. Are there any training tools on this site or others that i could read to get more up to speed on investing?
I am work now but here are the base facts I can see off the quote sheet at a quick glance:
Lincoln Lifetime Income Advantage 2.0 Protected Funds (Product name FUSION)
Guarantee of principal
Contingent Deferred Sales Charge of 1%
Mortality and Expense Risk Charge of .85%
Underlying Fund...
56 years old, looking to retire at 65, talking with financial guy regarding 100K in a Lifetime Income annuity (represents 15% of current nestegg) - looks good on paper to have 8% payout at 65 for rest of life - but have read threads from folks who say these are not good investments. Looking...