View Full Version : Annuities...
Ian Lozada
01 May 2005, 07:55 PM
Had a request elsewhere about tips on how to handle annuities, which are not my strong suit. If anyone can explain them better, including options for annuities within a 403B, I'd appreciate it.
erikl2
02 May 2005, 05:43 PM
What are the benefits of holding an annuity within a tax-deferred plan. To me, this would seem to be unnecessary complication.
Ian Lozada
02 May 2005, 06:35 PM
What are the benefits of holding an annuity within a tax-deferred plan. To me, this would seem to be unnecessary complication.
Non-profits can't offer 401(k)'s. The vehicle used in a 403(b) is generally an annuity.
Daizygrl
02 May 2005, 07:44 PM
Annuities offer a death benefit. Your beneficiary would be guaranteed at least what you put (minus any withdrawals) upon your death. You also have the advantage of using a fixed account and dollar cost averaging into the variable side.
Plus, some companies offer a spousal protection feature.
VFish
02 May 2005, 08:31 PM
Look to a Roth IRA first and be wary of expenses. For a good overview of annuities:
Annuities (http://www.henssler.com/radio/122200/u-tipweek.asp)
Annuities Part I: The Basics (http://www.henssler.com/radio/122801/u-tipweek.asp)
Annuities Part II: Different Types of Annuities (http://www.henssler.com/radio/010402/u-tipweek.asp)
Annuities Part III: Payout Options and Annuity Expenses (http://www.henssler.com/radio/011102/u-tipweek.asp)
Annuities Part IV: The Bottom Line on Annuities (http://www.henssler.com/radio/011802/u-tipweek.asp)