Which Are The Best Annuities?

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    David RacichPRO
    Fountain Hills, Arizona
    All savings and investment products should have a determination process to qualify as suitable for purchase by the saver or investor. Non-qualified annuities, whether fixed, indexed or variable, are no exception. A personal financial profile that includes a risk tolerance test, financial goals, effective tax bracket and a life expectancy report is necessary to establish the type of annuity that should be purchased.
      
    Answered on June 30, 2013
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    Head Librarian
    InsuranceLibrary.com, South Dakota
    The best annuities are the ones you own.  If you are choosing which annuity to buy, you will find that there is a wide range of options available.  There are two basic types of annuities, immediate and deferred.  If you have funds that you are prepared to invest now in exchange for an income flow that starts immediately, then you want an immediate annuity, otherwise you want a deferred annuity.  The range of annuities ranges from guaranteed to speculative.  Some require specific licenses.  The investment should be paired with your risk tolerance.  The best annuity is one that does not cause you stress and meets your financial objectives.
    Answered on July 30, 2014
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