annuities

[ibd1]

Anybody here have an annuity? Are you glad you purchased one or regret it? Right now, interest rates are at or around 6%. If interest rates climb to closer to 7 then it may be a good time to lock in an annuity. I've always heard the negatives for annuities but when the rates were at 2 percent then buying an annuity would have been ill advised. Thoughts? And don't just say they are stupid. Explain why they are stupid.

 

[hockey94]

I just moved some $$$ into an annuity, its guaranteed approx 6% return. Its based on the results of a mixture of stocks. If the return of the stocks are 10%, you get 6 %, if the return is 2%, you get 6%. No fees. Its for 3 years but, Its possible to take it out before, but, I will keep it there. I have heard a lot of negatives about annuities.