In this whiteboard animation video, we look at annuities to see if annuities are good investments. Basically an annuity is an …
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In this whiteboard animation video, we look at annuities to see if annuities are good investments. Basically an annuity is an …
source
So with an annuity you're trading of your high-side for more predictability and also taking on the risk of not being FDIC insured. Interesting.
In the event of a bankruptcy, where the annuitant would sit in the priority list of who gets paid out first?
The ONLY annuity to get is an immediate annuity when you retire. Do not choose a deferred or an indexed annuity for future retirement. Keep investing in the market and once you retire, then you can get an immediate, lifetime annuity to complement your Social Security. Then continue to invest in the stock market with remaining funds. Why? Lifetime annuities do not have annual fees or commissions. The payouts are upwards of 6%-7%. FOR LIFE. GUARANTEED.
Annuities are great, for the slimy salesman who sells it to you. The day after you dump $ 100K into an annuity, it is worth only 90% of what you just dumped in. Where did your money go ? — Commissions, commission & more commissions.
An anuity iis when you give your money to an investor and he invested gaining capital and you get penies on the dolar😂😂😂?
3 years zero gains….
This is stupid…especially all the damn fees taken out…I can just invest my damn self and get more
why wouldn't you just buy tax free bonds instead?
why would i ever introduce a fee-charging intermediary between myself and my investments who can only hope to investing as well as the sp500 index…but with fees? you're basically paying 4-7% of your net worth per year to handle basic math and accounting for you. leaving you with ZERO $$ at death leaving your beneficiaries with ZERO. that's an insanely bad deal (or a good scam) whose purpose would be served much better DIY or with independant lawyers. this whole thing was made legal by the Secure Act, where Trump sold out to the life insurance mafia for to legalize annuities as a way for them to scam people. pure negligence not to mention this.
Sounds like a fraud that should be illegal.
Having someone holding your money for decades before paying out is risky. The assumption that the economy "must" grow indefinitely on a finite planet is a dumb thing to bank on. Energy is driving everything, and the notion that "renewables" will simply take over from the very fossil fuels that build them is extremely shortsighted, even if one doesn't mind a world covered with ugly wind turbines. Nuclear won't save us either, since electricity alone can't do many things that fossil fuels have made us take for granted.
You loose the initial investment once you die?
This is a awesome and simple video thank you for taking time to make this. I understand is an old video but still super beneficial!
Stay away from annuities.
Bravo!
A Very Clear Definition of a Basic Annuity
Thank you for video. It’s clear and easy to understand!!!
AWESOME explanation!! I think the best I found so far!
Times like these when I realize I'm a visual learner
Thank you for a great & simple explanation ❤️
Thank you for this education
No help. Did not answer the question, what happens at the end of the term? Does the Annuity Company get to keep all your money, or do you get the full investment back?
So at any point can I take all my money out of the annuity or do I just collect payments every month