what do you think about a fixed annuity for 5 years paying 4.80%?
January 10, 2010 by Annuity and Structured Settlement Tips
Filed under More Annuities Answers
Can you answer snowflakeandjerry’s question about Annuities?:
just opted out of the stock market-is a fixed annuity good investment for a 58 year old?
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just opted out of the stock market-is a fixed annuity good investment for a 58 year old?
Cash For Structured Settlement Payments
Annuities Feedback: Fixed annuities are good investments. They are tax deferred and have additional withdrawal features that CD’s don’t. 4.80 is a decent rate Fixed annuities are also very safe and guaranteed
Annuities Feedback: yea that’s a pretty safe investment. 4.8% is a very good rate for a fixed annuity. You may want to look at municipal bonds as well
Annuities Feedback: That’s good if you rolled it over instead of taking the distribution. So you won’t have any fees.
Make sure you’re not paying too many fees for that annuity.
Annuities Feedback: That depends on whether the yield is 4.8% (pretty good) or if the payout rate is 4.8% (horrendous rip-off). Also, most annuities have lifetime payouts, so I would be suspect of a 5-yr one. Are you sure that the payments aren’t deferred for 5 years?
Basically, you don’t give enough information if you really want the right answer.
Also, if you don’t know the difference between yield (interest rate) and payout rate, you’re not alone: “Dr.Don” on Yahoo doesn’t know either.:-Annuities-or-Bonds;_ylt=AinKGjakD7UFCTSbLll1XTa7YWsA?mod=retirement-post-spending