SMA, or Secondary Market Annuity?

[JerryinPA]

Secondary Market Annuities: Pro's and Con's

If a person can find an SMA that fits into the timeframe of their needs, it looks like a 4% or 5% rate is common.

So would a couple of SMA's for specific years when I anticipate needing a chunk of cash be a bad idea?

Thanks,

Jerry.

 

[CoolChange]

I actually considered these a while back but decided that I did not have the time/patience/interest to research each offering enough to feel comfortable. So, I passed on the idea.

Here are some links that I found useful for my own research:

The skinny on secondary market annuities | Marketplace.org

http://online.wsj.com/articles/SB10001424052748704249004575385140963405252

Another Can’t-Miss Deal? - Total Return - WSJ