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.
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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