http://amateurassetallocator.com/2010/05/20/should-you-purchase-annuities/ Amateur Asset Allocator Fri, 10 Feb 2012 18:16:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://amateurassetallocator.com/2010/05/20/should-you-purchase-annuities/comment-page-1/#comment-9127 DIY Investor Fri, 21 May 2010 11:04:46 +0000 http://amateurassetallocator.com/?p=4936#comment-9127 You should mention the negatives also. #1 they are not a good way to preserve assets for heirs. #2 you lose control of the money. #3 many are very difficult to understand in terms of surrender value, surrender fees etc. #4 many have large loads. #5 you need to do a lot of homework and shopping around when buying an annuity. They are appropriate for some investors in some circumstances. It is important to understand that when someone sells you an insurance product it is going to be costly. If it involves investments there is another layer of costs. You should mention the negatives also. #1 they are not a good way to preserve assets for heirs. #2 you lose control of the money. #3 many are very difficult to understand in terms of surrender value, surrender fees etc. #4 many have large loads. #5 you need to do a lot of homework and shopping around when buying an annuity.
They are appropriate for some investors in some circumstances. It is important to understand that when someone sells you an insurance product it is going to be costly. If it involves investments there is another layer of costs.

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