This Is WAY Better Than An Annuity

This is better than an annuity – 5 options for better returns at a lower cost.

I was online just 10 minutes ago and I saw it again… A crappy little advertisement offering me an annuity.

WHAT… A… SCAM!

I’m sorry but for 95% of the people out there… annuities are a scam.

Let’s cover when annuities are not a scam.

The “IFs” Of Annuities

If you have a very limited amount of money… IF you are extremely risk averse… IF you are not financially educated… IF your costs are fixed and not expected to rise… IF you find a low-fee annuity… and IF it provides the income you need for the rest of your life…

Then – and only then do annuities make sense.

That’s a lot of “IFs”

For some people, taking your money and turning it into an annuity for stable income can be a smart move.

For everyone else… Run the other way.  Seriously. Annuities are a very scary financial product that just don’t make sense for most people.

Where did these “three headed beasts” of a financial product come from?  They were born out of the insurance industries’ grab for more money.  What they do simply is combine a life insurance product with an investment product… add on HUGE fees then sell them to the uneducated public.

You can tell I’m not a fan, RIGHT!?

Stocks Are Easy

You buy a stock – and you pay a few dollars in commissions. If the stock goes up you make money… if the stock goes down you lose money. Some stocks pay dividends – Some don’t.

With annuities, you need a map, a guide, and a magic lantern to help you find an infinity stone… then maybe, someday you’ll have something that may or may not be worth anything.

I once looked at an annuity that was so complex I had no idea what I was buying. I didn’t buy…

The more complex something is, the greater the chance of someone screwing you. (Pardon my French, but that’s the truth.)

Continue reading at NetPicks.com.

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