Annuities...

Discussion in 'Finance, Investing & Economy' started by Ian Lozada, May 1, 2005.

  1. Ian Lozada

    Ian Lozada New Member

    May 29, 2001
    The Pick Four Pool
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    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.
     
  2. erikl2

    erikl2 Member

    Oct 8, 2004
    Washington, DC
    What are the benefits of holding an annuity within a tax-deferred plan. To me, this would seem to be unnecessary complication.
     
  3. Ian Lozada

    Ian Lozada New Member

    May 29, 2001
    The Pick Four Pool
    Club:
    Arsenal FC
    Nat'l Team:
    United States
    Non-profits can't offer 401(k)'s. The vehicle used in a 403(b) is generally an annuity.
     
  4. Daizygrl

    Daizygrl New Member

    Oct 30, 2001
    Columbus, Ohio
    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.
     

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