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Ask TheStreet: Annuity Analysis

 

Editor's Note: Ask TheStreet is designed to answer questions about the market, terms, strategies and investment methods. Please email us to ask a question, but keep in mind that we cannot offer specific investment or stock-related advice.


What are the pros and cons of annuities? I am 55 years old and was forced to retire from a telecommunications company. An investor is trying to get me to give up my FDIC-insured certificates of deposit and go with a guaranteed annuity. Thanks, Bob

My opinion: Stay away. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,358.52 1,097.39 2,151.60 32.22
Oil *
77.17
DOWN
105.88
DOWN
13.24
DOWN
24.45
DOWN
0.57
10 Yr
3.22%
SPDR Gold
115.23
-1.01%
-1.19%
-1.12%
-1.74%
Data delayed 20 minutes

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