ANNUITIES

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This topic contains 1 reply, has 2 voices, and was last updated by  Waterdude 1 year, 7 months ago.

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    Hi, My name if Florindo, I live in a small town near the city of Toronto Ontario, Canada. I retired a few years ago and this year I need to start using my registered account and of course start paying taxes on the funds saved. I am seriously thinking of buying an annuity, but everyone I talk to seems to think that this is a bad decision. I believe that it would solve a lot of my problems but with some drawbacks. Can someone offer some assistance or suggestions.
    Thanks so much, Florindo.

    #136013
    Waterdude
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    Stacy has written about annuities several times this year. Check this story out: http://www.moneytalksnews.com/ask-stacy-are-annuities-a-good-investment/

    The biggie here is if it will get you what you want and at what cost. Also, if there are other alternatives.

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