"Some decisions, like buying an annuity, are non-reversible.
Funds paid in for the variable annuity are invested in common stock rather than in bonds, mortgages, or other fixed-interest investments as is true of regular annuities.
And while earnings inside an annuity are tax-deferred, you pay ordinary income taxes on that money once you take it out, not the lower capital gains rate.
Prospective purchasers of an annuity are likely to require intrusive medical evidence to assess a person's longevity before they are willing to make a purchase.
Excepting Mr. Bullard's blank form, the president with the least reported wealth is Jeffrey Lacker, president of the Richmond Fed, whose assets – a checking account, a money market fund and a retirement annuity – are worth no more than $150,000.
Will insurance companies impose exit penalties?" Creating more costs in the system could be a huge setback when you consider that over half of pension pots used to buy an annuity are worth less than £20,000 and nearly 30 per cent are worth less than £10,000.
