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Old 06-08-2021, 07:57 AM   #81
Recycles dryer sheets
 
Join Date: Jul 2020
Location: Sector 001 - Alpha Quadrant
Posts: 187
IMHO,

1. ALL Variable Annuities are indeed bad. There is no justification for buying one.

2. If you get a fixed annuity with a competitive interest rate and you are OK with deferring paying taxes on the interest then that is not so bad.

3. If you buy an Income annuity that helps you to have enough guaranteed income so that you can meet your essential expenses, then that is not such a bad thing, especially for those that are spendthrifts or for those that are very risk averse.
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