Quote:
Originally Posted by canthetuna
On the subj. of annuities, I've earned a substantially larger amount of money than expected through them over the last several years and now you have alot more control over your money than ever.
The fees suck, but they always will, but it isn't the wost Idea for some of you younger guys who are just starting to save for retirement.
When I started you had 3 options you could invest in and now they're are a couple of hundred. You can choose a general catagory (low risk low yeild, to high risk high yeild) or go into detail and choose to have certain stocks/bonds omitted alltogether or always included in transactions if you feel comfortable having that kind of control.
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You can buy all those funds without buying an annuity. Those are just the funds which you choose and can do the same with mutual funds. With any thing you purchase ask about the fees and commisions by law they have to disclose all this information.