Monday, January 26, 2009
Few Doubts About a Once Sure Bet
Retirement investors have long viewed annuities as an effective way to protect their nest egg. But the recent financial crisis has highlighted an inherent paradox: While annuities offer safety and guarantees, their benefits are tied to the financial strength of an insurer. If the company fails, you could be looking at a loss in the very part of your portfolio that you were counting on to be rock solid.
Annuities were considered the ultimate safe investment - until insurers started wobbling.
Source: CNN Money
Annuities were considered the ultimate safe investment - until insurers started wobbling.
Source: CNN Money
Permalink posted by armandn @ 7:34 AM 
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