1. 1000 POINTS
    Tyler Maddox
    Retirement Specialist, Cambridge Financial Group, Greenville, SC
    Anyone who is looking for secure Retirement Savings could benefit from owning an Annuity.
    There are many types of annuities that can fit the needs of many different types of retirement savers.

    But Annuities are meant to be accessed during retirement, after age 59 1/2. So they are only suitable for people saving for retirement and who do not need the funds prior to that age.
    Answered on February 27, 2014
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Annuities are designed for long term accumulation of money.  If you want to accumulate money over a long period of time, annuities are often an integral part of a portfolio with that objective.  Although there are some annuities that cater to the shorter term market, the traditional annuities were designed for a long accumulation phase and a long disbursing phase.  
    Answered on March 31, 2014
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