2006-06-23 05:50:42 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
The first question is: do you want an annuity at all? Not knowing your financial situation, I can't say. Maybe the first link will help you decide.
The second question is: do you want an ING annuity. I lean toward a Vanguard annuity instead due to their low fees, but compare them and see which you like best.
2006-06-23 06:22:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The question is one of defining "investment."
Some people think of their house as an investment, but I think of it as a dead asset that is tying up my capital.
Some people look at bonds as an investment, but really, any interest-bearing security is a "holding," and not an investment, like a T-Bill or CD. These are all just someplace safe to park your money in an uncertain climate. The annuity falls into this category.
So is an annuity a good investment? No. Investments generally earn higher rates of returns than current rates of interest.
Is an annuity a good holding place for your money? Sure, about as good as anything else, if you're happy with 5% for now.
Given the recent decline in the stock market, that 5% is going to look pretty good when everyone else is crying about loses, if the decline continues. If the recent bounce turns into a rally, you're going to wish you had a true "investment."
2006-06-23 06:05:44 · answer #2 · answered by dredude52 6 · 0⤊ 0⤋
those are commonly mis-offered to the incorrect human beings for the incorrect reasons, and in lots of situations are mis-represented by potential of sales people who could make commissions. they are in a position to be extremely complicated and confusing to comprehend how they actually artwork. there's a ten% penalty for withdrawal in the previous fifty 9-a million/2, so as that they are no longer for youthful human beings. There are costs, very complicated strategies of capping returns, and you are not getting dividends, so your return would be constrained. you will no longer lose funds yet you will no longer make lots using capping strategies. Your returns would be extra bond like at maybe 4%-5%. additionally, your helpful factors would be taxed at elementary earnings expenditures, no longer at decrease capital helpful factors expenditures. so as that they are no longer that great an investement till you're older and incredibly great faint-hearted approximately making an investment. if so, one may be genuine for you. do exactly no longer assume lots out of those.
2017-01-02 06:02:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A good investment in yourself today would be gdi.
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2006-06-23 07:01:30 · answer #4 · answered by lad1177 1 · 0⤊ 0⤋
YES, they are paying highest interest rates these days.
www.ingdirect.com
2006-06-23 05:54:04 · answer #5 · answered by lynn 5 · 0⤊ 0⤋