Retirement Income Strategies
Hi
Has anyone considered or has purchased an annuity as a guaranteed fixed income source in retirement.
Would like to know if this is a worthwhile invetment compared to investing in an indexed fund or stock portfolio and drawing down to meet expenses.
Cheers
7 comments
7 comments
Jag, look at the basics....
An Annuity is where you give all your hard earned cash to someone else and they let you have it back bit by bit, after they have taken out their "Management Fees."
You gotta be a mug to buy into this stuff.
Phil.