Mar
6
2009
Tips To Maximize Your Annuity Investment
Author: Christin Accomando- Think long term. Find out how long your interest rate is guaranteed. For a good long-term look, contrast the initial rate offered with the rates of existing contracts.
- Beware of hidden fees and expenses. Investigate all fees and expenses attached to the annuity. Pay close attention to the surrender charge. If you plan to retire in seven years, don’t select an annuity with a 10-year surrender period.
- Don’t underestimate safety. Check insurance company ratings online at Standard & Poor’s and/or A.M. Best.
- It pays to shop. Compare features from different insurers and ask for quotes. Annuity Sites offer valuable information to help you research your options and make the choices that best fit your needs.
Tags: Annuities
