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Can Your Annuity Do This By Tony Bahu
Many people buy annuities according to their agent's recommendations. However, many people do not even know what they own. It is a good idea to take inventory of your investments, and particularly your annuity. It is important to understand what your annuity can and cannot do and what features it has. Here are some of the things you definitely must be sure to know about your annuity:
1. What interest rates are you currently getting? 2. Are the interest rates getting worse? 3. What is the rating of your insurance company? (Critical) 4. What are your surrender charges? 5. Is your principal ever at risk? 6. What retirement & income options does your annuity have? 7. Is your an... [ Read Article ]
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