2007-01-19 06:59:12 · 5 answers · asked by abby'sgrandma 1 in Business & Finance ➔ Insurance
I wouldn't put all my eggs in one basket. If your looking at some indexed annuities to provide retirement income, I would also look at laddering CDs, mutual funds, muni bonds and money markets. Heres some info on annuities - http://www.findlocalinsurance.com/variable-annuity.html
2007-01-19 07:08:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I work with retirees every day. Equity Indexed Annuities are great at your age. They are based on the S & P 500, and this year the average was 13%. If things are good, you can get unlimited gain. If the market is bad like in the last 6 years, you never lose a dime. Unlimited growth of the market without the risk. Win Win for your retirement. People that lose in mutual funds and the stock market have to start the climb from the amount they have left after the loss. You won't. You start the climb from what your balance was the prior year. No brainer. Unfortunately not enough people know the benefits, or they wouldnt be paying someone to lose their money!
2007-01-19 20:26:45 · answer #2 · answered by Susan C 3 · 0⤊ 1⤋
Sometimes the interest rate risk involved could be no good for a retiree, but it just depends on the person. Some people don't mind the risk.
2007-01-19 12:22:27 · answer #3 · answered by Modus Operandi 6 · 0⤊ 0⤋
I'd prefer index mutual funds. But you want to spread it out a little, do some index funds, some mid cap, some growth funds.
2007-01-19 08:31:54 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
Maybe this website will help you with fincancial planning in your retirement. They have a lot of information and resources here. http://retirement.divinfo.com/
2007-01-19 08:31:07 · answer #5 · answered by Reenie 3 · 0⤊ 1⤋