Thanks for any help.
Answers: It wouldn't situation if it were an annuity. I suppose Bankrate.com has calculators for compounding interest. If not, google for one.
BUT, my reading say unless your income is over $100,000 a year the tax deferred benefit is not worth pursuing.
AND annuities provide the LOWEST RETURNS and the HIGHEST COMMISSIONS to the salespersons of any financial instrument.
So they donate you the hard supply on them because it makes them so much money. The salesperson collects a tax off your investment every month you hold it.
Personally I come up with they are the worst and I warn everybody I know away from them. You pay cheque too much for the tax benefit and the return is too low.
And they are not as out of harm`s way as they try to tell you any. My father had a couple beside a company that went insolvent and he didn't see his money until eight years later despite it human being insured and protected by the state.
JMHO
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Answers: It wouldn't situation if it were an annuity. I suppose Bankrate.com has calculators for compounding interest. If not, google for one.
BUT, my reading say unless your income is over $100,000 a year the tax deferred benefit is not worth pursuing.
AND annuities provide the LOWEST RETURNS and the HIGHEST COMMISSIONS to the salespersons of any financial instrument.
So they donate you the hard supply on them because it makes them so much money. The salesperson collects a tax off your investment every month you hold it.
Personally I come up with they are the worst and I warn everybody I know away from them. You pay cheque too much for the tax benefit and the return is too low.
And they are not as out of harm`s way as they try to tell you any. My father had a couple beside a company that went insolvent and he didn't see his money until eight years later despite it human being insured and protected by the state.
JMHO
Resolved Questions: