Tuesday, October 20, 2009

Before You Buy an Annuity...

Before you buy an annuity, Let RSL Funding help you understand the details...

...restrictions and possible fees.

While most annuities are wise investments that can make a positive contribution to your portfolio, RSL Funding can help you to make a wise decision before you make your investment.

Five Critical Factors to Consider Before Purchasing an Annuity:

1) Terms and Conditions - First and foremost, seek advice from an independent financial adviser and make sure you understand the contract, as well as your commitment, before signing.

2) Rates of Inflation - Your annuity may decrease as inflation increases. Keep in mind that there are inflation protection plans available and ask about one for your plan.

3) Tax Advantages - Find out if there are any advantages (tax savings or deferments) or disadvantages (penalties for early withdrawal)

4) ROI - (return on investment) - Make sure any rates that is promised to you is received by you, and make sure you understand the time frame any promised rate is applied.

5) Fees - Ask about the costs of the annual fees and be sure to find out about any "surrender fees" if you need to get money out ahead of schedule.


0 Comments:

Post a Comment

<< Home