The Ultimate Guide To AnnuitiesYour One-Stop Resource for Retirement
When are variable annuities right for me?
If you want to control your investments and feel ready to do it, you may want to consider a variable annuity. It could also be a good alternative if you already reached the top of your contribution in your individual retirement accounts, which will also offer a tax deferral nature without the fees that come with annuities. If your biggest concern is to boost your savings, you could also check other strategies such as index funds, that will also give you some advantages at a lower cost.
If you finally decide that an annuity is the best alternative for you, you probably should limit to own just one to avoid higher fees and expenses options that could compromise the growth potential of your money.