Jane bryant quinn on annuities

          The safest policies are “immediate pay” annuities, in which you put up a sum of money and your insurer starts paying you a certain percentage of that for life.!

          You rarely find me so deeply angry at a common investment product that I dream of blowing it to smithereens.

          Especially one that's sold by America's leading financial institutions, commands $393 billion in assets and sounds like a winner for retirees.

          She might consider putting part of the money into an immediate annuity, that provides a monthly income for life.

          But stand back, I'm going to light the fuse. My target: tax-deferred, variable annuities--a name that hints of probity, with a soupcon of tax savings on the side. What a laugh. It will cost you more in taxes and possibly risk your security, too.

          ThinkAdvisor: Annuities have taken a bad rap over the years.

        1. If you move money from a bond fund to a simple lifetime annuity, your income will improve.
        2. The safest policies are “immediate pay” annuities, in which you put up a sum of money and your insurer starts paying you a certain percentage of that for life.
        3. In today's video, I do a fact check on a recent article from Think Advisor.
        4. Jane Bryant Quinn is the author of the bestselling Making the Most of Your The author provides sound advice on annuities, bonds, stocks, and mutual funds.

          5. "I cannot imagine a personal financial situation where I'd recommend a VA as a good idea," says actuary John Biggs, former chair of TIAA-CREF pension funds.

          Before going forward, let me define the battlefield. I am not dissing tax-deductible retirement annuities that come with employer-sponsored plans.

          Nor "fixed annuities" that pay a set rate of interest. Nor "immediate annuities" that pay you a monthly income for life.

          My quarry is the commercial tax- deferred annuity sold by stock broker