This is in an AM Best rate company (Aviva) A+. Is this a good agreement? Minimum investment is $20K.
Answers: Its a great idea if you are nearing 59 1/2. Fixed annuities dont enjoy the fees that variable annuities own. They are similar to CDs but they offer import tax deferral of the gains. But if you arent 59 1/2 when you run the money out after 5 years then you hold to pay a 10% cost. It's a great safe investment for elder people who dont want to risk their investment and are looking for duty deferment and are considering annuitizing it after the 5 years is up and turning it into a stream of income.
You'll get better long occupancy returns in a mut fund.
Why do you want an annuity?
Annuities are across the world a waste of money for investing purposes (you are combining investing and insurance...the insurance portion costs money...usually too much to justify the rest of the settlement.
Although I would not advise a client to put their money surrounded by a 5 year CD at this moment in time (rates are too low to prove it), I see banks and money centers offering FDIC insured 5 year CD's for between 3.92% and 4.96%...E-Loan have a 6 year for 5.0%...so why waste your money on an annuity?
What is it you are trying to accomplish here?
base upon what your individual goals are, this type of investment might be obedient for you. You can get better rates out in attendance currently. I think allstate have 5.25 for 5. Either way, buying fixed annuities is resembling shopping for cd's at the bank. Call a bunch of associates and find out who has the best one. Are you taking it out for someone else to aid surrounded by their support? Why would you want an annuity, unless you don't trust yourself?
Consider a nice dividend paying stock that pays better than their peers. Take a look at GXP, PFE or BAC for their dividend yields and remember the lower charge consequences.
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Answers: Its a great idea if you are nearing 59 1/2. Fixed annuities dont enjoy the fees that variable annuities own. They are similar to CDs but they offer import tax deferral of the gains. But if you arent 59 1/2 when you run the money out after 5 years then you hold to pay a 10% cost. It's a great safe investment for elder people who dont want to risk their investment and are looking for duty deferment and are considering annuitizing it after the 5 years is up and turning it into a stream of income.
You'll get better long occupancy returns in a mut fund.
Where to bring money for an Investment?
Why do you want an annuity?
Annuities are across the world a waste of money for investing purposes (you are combining investing and insurance...the insurance portion costs money...usually too much to justify the rest of the settlement.
Although I would not advise a client to put their money surrounded by a 5 year CD at this moment in time (rates are too low to prove it), I see banks and money centers offering FDIC insured 5 year CD's for between 3.92% and 4.96%...E-Loan have a 6 year for 5.0%...so why waste your money on an annuity?
What is it you are trying to accomplish here?
I want to buy 100 euros.How much can i earn?Please suggest.?
base upon what your individual goals are, this type of investment might be obedient for you. You can get better rates out in attendance currently. I think allstate have 5.25 for 5. Either way, buying fixed annuities is resembling shopping for cd's at the bank. Call a bunch of associates and find out who has the best one. Are you taking it out for someone else to aid surrounded by their support? Why would you want an annuity, unless you don't trust yourself?
Consider a nice dividend paying stock that pays better than their peers. Take a look at GXP, PFE or BAC for their dividend yields and remember the lower charge consequences.
Resolved Questions: