Annuities
Hi Terry
Talk to Tim from Stan the Annuity Man
I know you talk and mention a lot about annuities do you believe in them at All? or is everybody circumstance different ? Is there a reason why I would wanna get one? I’m just a little confused about them,
Thanks
Terry Says
I purchased a few years ago to better understand how they work. I still have them. Adn in some circumstances annuities can provide either a lifetime stream of income (that will be impacted by inflation) or a way to build tax-deferred growth of your money.
But if you have access to tax-deferred savings through an IRA or 40l(k) plan at work, that’s what you should use to build your savings.
In most cases, annuities exist merely to provide commissions to insurance salespeople.
