Annuities Reviews

The Shocking Truth About Annuities Reviews

If you are looking for annuities reviews or you are comparing annuities then you are probably already interested in investing in an annuity and you have probably already been sold on their benefits. Let me be the first to tell you that you are going to have a hard time finding REAL information on annuities. If you look at annuities reviews on the web most of them are posted by the annuities companies themselves or posted by a company paid by them to advertise their products. So what annuities reviews are the good ones? How do you know who or what to believe? Don't worry we can help.

So are annuities a good investment or are they bad investment? You have probably heard it both ways. To be honest with you annuities can be bad or they can be good depending on what you are looking for. Many of the things you have been told when you compare annuities online is completely staged. Doing an annuities review is tricky business but read on and we will tell you what to look for when reviewing an annuity and some key questions to ask. Reading the fine print is key but you can't read it all so here is what you need to watch out for.

The real truth is you must buy an annuity that is tailored to your specific needs not just what the annuities company is pimping that week. The perfect annuity for one person is not the perfect annuity for another person. Each annuity has its advantages and its disadvantages and you need to know what those are in order to find the right annuity FOR YOU.

Here are some questions that you should ask when you do an annuities review:

• How long can you have your money tied up in an Annuity?
• How soon do you need to start receiving annuity payments?
• Do you want your money to be more liquid or do you want more return on your investment?
• Are you investing your money for long term growth or income purposes?
• How much risk are you willing to take with your principal in order to get a greater return?
• Will you ever need to take out some or all of the invested funds in an emergency?

If you are considering a specific annuity here are some thing you should definitely know before you plunk down some mula:

• What interest rate does your annuity of choice currently have?
• Are the interest rates getting better or worse?
• What is the rating of your insurance company? (This is an important one.)
• What is the percentage rate of your surrender charge?
• Is your principal every at risk?
• When you retire what income options does your annuity have?
• Can your annuity be used with Medicare?
• Did you designate a annuitant properly?
• Did you designate ownership of your annuity properly?
• What risks are involved with owning this annuity? How safe is your money?
• Will you be taxed double on your annuity?
• What is the minimum guarantee on your annuity?
• Would you be eligible for a 1035 exchange if you need it?
• What happens if you die? Will your beneficiaries have to pay a penalty to withdraw the money or are they entitled to the entire amount?

These are only a few of the many questions that you need to ask before doing annuities reviews. You have to know what your goals are before you are ready to invest in an annuity. If you don't then you need to know that you are in danger. The sharks are swimming looking for people who don't really know what there goals are before they walk into the office. Most likely you will end up with the investment of the day not the investment that is right for you. Knowing what your goals are and having a good investment advisor is key. If your investment advisor doesn't sit you down and ask you what your goals are and help you to come up with a plan… RUN.

What if I could share with you the one person who is willing to tell it like it is, the one person who is actually an annuities agent and isn't afraid to share with you the annuities company's dirty little secrets? Well, that would put you on a level playing field wouldn't it?

As you can tell just from reading this article there are many things to consider when doing an annuities review. You will need help navigating the maze of terms and options. Don't do it alone and make sure that you have all the information before you move ahead. For more help and information on investing in annuities visit the only person I trust in this matter.

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