‘I own my home’: I’m 74 with $300,000 in annuities and live modestly. What should I do with my retirement savings?
October 29, 2024 by Alessandra Malito
What would you suggest I should do with my retirement savings?
I have $300,000-plus invested in insurance annuities maturing this month. They have been doing OK and I figured annuities would be the safest bet, as I am not very savvy with the stock markets.
Click HERE to read the full story via MSN
Wink’s Moore on the Market: Well, technically it is not true that indexed annuities “offer[s] payments that are only partially linked to the market.”
The payments on an indexed annuity are fixed.
(Unless you elect an income rider, which is performance-based- since we’re getting technical.)
Otherwise, I have to say that I am surprised about the approach of this advice column. No bashing annuities with bad information…great! -sjm