Thoughts on Variable Deferred Annuity

The only people that I have seen that liked annuities are the people that sell them


that being said, I am sure there are situations where they are beneficial, but they are few and far between

They give you good options for income during retirement. But I wouldn't put ALL my money in them. I'd be careful who you choose to go with because you want to make sure they are financially strong.

#1 - Look at the insurance company's financial strength rating by ALL the rating companies, not just a couple.

#2 - Compare the annuity fee's to the average mutual fund fee's. There are a couple of companies I've seen who are very comparable to the mutual fund fee's for their annuity product.

#3 - Make sure whoever you talk to understands your situation completely.

These are just a few things I thought of initially. Hope this somewhat helps!

It depends on what your benefit is through the pension. Look at that. then, look at what the monthly benefit of a large insurance company like Lincoln or Prudential would be for investing the lump sum you're thinking about pledging to an annuity. The benefit of rolling over is it will give you pension like income for you and your spouse for both of your lives with a death benefit for your heirs. The company pension won't give a DB to your heirs. My initial thoughts, but I'd have more if I knew more about the situation.