what should i know about riversource annuities before buying?
Posted by MarkOct 16
i would like to get opinions about Riversource Annuities and the new Securesource feature
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Personally, I don’t think I’d take advice from the car insurance lady about investing. When you buy an annuity, consider getting one that doesn’t lock up your money for 5+ years. The marketplace constantly changes so you need the ability to change with it if a better opportunity arises.
The biggest thing to keep in mind with an annuity is if THEY make a mistake in regards to size of the promise that they make, it’s their loss…..not yours (for the most part). Think about that as many, many people don’t realize this.
Unless you have maxed out all your IRAs and 401k’s, annuities are a bad deal.