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re: Where to park
Posted on 1/12/26 at 12:41 pm to KemoSabe65
Posted on 1/12/26 at 12:41 pm to KemoSabe65
quote:
My broker says a 5 yr annuity is paying 8%
With annuities, words have different meanings than what you think. The devil is in the details. And let me tell you, you need a financial education to understand their 100-page contracts of definitions and limitations. Also, you will never see a chart in an annuity brochure showing the actual performance of the product (you will only be shown a possible outcome of how it might work).
Your broker will make at least 8% if he sells you that 500K annuity ($40K).
You didn't pick the right financial advisor. Get the frick away from him ASAP.
Heres some Google stuff:
[quote]June 21, 2019
8% on a Fixed Annuity? Don't Believe It
Author(s)Ken Nuss
Ads touting 8% guarantees are misleading, though not quite false. Real rates around 4% range are attractive enough and much more reliable.
Can you earn 8% on a fixed annuity, guaranteed? Online ads often make this promise.
Those ads are misleading. They’re not completely false, but they set unrealistic expectations and we often have to talk clients back down to reality.
The truth is complex. Some annuities do indeed offer an 8% rate guarantee, but there’s a catch. That rate doesn’t guarantee the annuity’s actual return, instead, it guarantees the growth of an income account value created by an optional rider.
It’s not money you can withdraw. It sounds too good to be true, and it is.
Buying a lifetime income rider creates the income account value, which grows at a guaranteed annual rate of 4% to 8%. The income account value is used to calculate the amount of future guaranteed lifetime income payments. Most insurers charge an annual fee of about 1% of the annuity value for this option, typically available with indexed annuities.
What can you really earn?
That’s why some annuity marketers get away with claiming a misleading 8 percent return. Those ads are usually placed by marketing firms that sell the leads to annuity agents.
0
Posted on 1/13/26 at 4:17 pm to KemoSabe65
quote:
My broker says a 5 yr annuity is paying 8%. That would get me to 65, does this make sense?
Current return on my % of the farm is returning less than 2%. I can’t live with the fact that I can triple my annual return by selling and investing
Fire your broker
Posted on 1/13/26 at 4:18 pm to KemoSabe65
Edit, double post
This post was edited on 1/13/26 at 4:19 pm
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