nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
Mixing insurance and investing is usually expensive so I've never considered variable annuities with income riders etc. However, I have invested in TIAA-Traditional Deferred Annuity because it simply declares an interest rate each year and I'm guarantees a minimum of 3%. Right now it is producing 4.8% which I like as part of my fixed income allocation.
Fixed deferred annuities can work as longevity insurance, but in these times of low interest rates it's hard to make a case for annuities.
Fixed deferred annuities can work as longevity insurance, but in these times of low interest rates it's hard to make a case for annuities.