Why annuities????

Today (and for the next few posts) I thought I'd write about the reasons to buy an annuity.

So let's start this off with a post about safety. The nice thing about buying fixed-deferred annuities is the have no 'stock market' risk. Not only will get a return on your money, you are guaranteed to get a return of your money.

Even with a fixed-index annuity which pays you an interest rate the moves with the changes in the stock market, you are guaranteed not to lose money in the market.

Even with years to go before retirement, gen xers would be smart to put a portion of their money in vehicles that don't lose money.

Of course you always have the risk of insurance company defaulting but you use insurance companies to insure your home, your cars, even your life.