Classifieds

The promise of lifetime income from Annuities has been around for centuries dating back to Ancient Rome. Originally, Annuities were just simple instruments that guaranteed a steady stream of income. But, things got more complicated as the years went by.
For instance, in the late 1980s, variable Annuities became popular when mutual fund sub accounts promised higher returns. During the following decade, index Annuities provided conservative investors with a safe market participation method.
In general, all types of annuity contracts offer several key benefits, such as:

Contributions to non-individual retirement accounts or qualified contracts are tax-deferred with no limits on contributions.
Probate exemption
In most cases, you are protected from creditors
Providing protection from superannuation or outliving one's income—the contract must be annuitized to accomplish this

The thing is, Annuities are one of the most expensive types of investments. There are a lot of fees, charges, and other costs involved with Annuities. As such, this can lead to substantial reductions in income and principal....