Monday, January 17, 2011 - 7:31 PM
This CNNMoney.com article covers many of the details of index annuities and explains why they're not a good deal. The article mentioned that a better alternative is putting 85% of the money into bank CDs and 15% into a low-cost S&P 500 index fund. And when you're ready to receive income, use an immediate annuity.
5,472 posts since
Nov 29, 2009
Rep Points: 125,708