Annuity is one of the tools that an individual can use for retirement or financial planning.
What kind of annuity should you buy? It should depend on your specific situation and objective.
IT MAY HELP TO KNOW THE FOLLOWING:
1. What is your current financial situation?
2. What is your objective and when do you need the money?
3. How much is the cost/expenses to buy an annuity?
4. Should it be fixed, variable, or split annuity?
5. What are the riders that you need?
6. What is your risk tolerance?
7. How much is the contingent deferred charges to take the money out?
8. Is it RMD friendly?
9. Is it the best investment option for your specific situation?
Is it applicable to your specific situation? It may or may not be applicable with your current financial situation but it would help to know the do's and don'ts of buying Annuities.
The agent or advisor should explain the cost/expenses for buying an annuity, the consequences of withdrawing the money, and other important information that needs to be disclosed.
Financial Planning, Retirement planning, Long Term Care, Life Insurance, Disability Insurance, Annuities, Capital Preservation, Retirement Builder, 401k services, IRA Rollover, IRA, Simple IRA, SEP
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