Is an annuity right for you

An annuity may or may not be right for you. But before you decide to use or not use an annuity as part of your plan, it’s important to understand what an annuity is, said Dana Anspach, CFP, RMA, president and founder of Sensible Money.
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[@Dan_H_MT]

There are a lot of unique features of a QLAC, for instance being able to make the annuity payments joint with your spouse. The age that you can turn on the annuity payments of a QLAC can start at any time, not at age 85 as mentioned in the video. You have to turn on the annuity payments NO LATER than age 85.

[@leojoseph6385]

Sir/Ma’am, I’m a retired 50 something Army Major, bachelor(no dependents) with a rental property (free & clear), and have no debt except $125,000 to still pay on my current house. I’ve decided to smarten up and go with Anderson Business Advisors to formalize my rental business into an LLC. My Thrift Savings Plan & ROTH are about $300k. I’m leaning towards Limited Partnerships/Syndications as a passive investor. Therefore I think an annuity is not right for me…but then what is the proper allocation mix for my investments, equities/real estate/materials? I worked hard to be in this position, any Comments or smarter moves I could make? Thanks.

[@josephj7991]

I have a Pension of $1840p mo not adjusted or $230k Lump sum? Is this good return? Wud annuity be good replacement or addition

[@nrpforty]

The two of you seem to be very neutral on annuties not for not against.

[@88888gerald]

annuities only benefit the person selling it...

[@feartheturtle9618]

Wrong. Depends on the situation.

[@rightwingprofessor1356]

Gerald...spoken in ignorance. Put your bias aside and actually think about that statement.

[@nrpforty]

Annuties transfer risk to the insurance company in a down stock market it might be the difference of eating or not eating !