Who Should Not Buy Annuities?

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   David RacichPRO

   Fountain Hills, Arizona

   Annuities are tax deferred products. If you’re in a low tax bracket annuities may not make sense for you. Annuities can have stiff surrender charges. If you need liquidity annuities may not be good for you. And along those same lines, if you need your money before 59 ½ annuities may not be an option for you. You should not buy annuities until you establish a cash account for financial emergencies.
    

   Answered on June 22, 2013

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