| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
I am a first time noter, so please forgive me if this question isn't
in the right place. I have a Finacial Planner trying to get me and my
wife to invest a large sum of money into a Variable Annuity. This is
an Insurance co.. "Integrity Life." We are in our mid fifty's and
plan on retiering at 62.
Questions:
o are Annuitys a good investment?
o aren't their fee's high?
Also, I understand if one want's to get out of an Annuity, a high
penalty is charged .. as much as 7% the first year, and a 1% drop
for each year for the first seven years on the entire investment!
I would appreciate any advice.
Ron
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 821.1 | See these "existing" topics | NETRIX::michaud | Jeff Michaud, UC1 | Fri Jan 20 1995 09:53 | 3 |
45 ALBANY::MCWILLIAMS 6-FEB-1992 4 Annuities 125 TPS::FALOR 25-MAR-1992 2 What is an Annuity? 420 ICS::MANDEVILLE 19-MAR-1993 2 Variable Retirement Annuity | |||||
| 821.2 | mucho caveat | MARVA2::BUCHMAN | UNIX refugee in a VMS world | Mon Feb 13 1995 17:38 | 11 |
> I have a Finacial Planner
Is he really a Financial Planner, or does he just call himself that to
disguise the fact that he's a salesman? (like the guy who visited me &
my wife ;-)
Read those other notes
thoroughly; many of us have concluded that this is not a particularly
good investment vehicle, and the commissions are mighty high.
Jim B.
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