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Unread 2011-03-09, 10:58   #2
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B L
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Jun 11 2005
2,473 posts
Age 53
Male
a whale's vagina
 



My understanding is that with a fixed annuity you put in a certain amount and you are given a certain amount back on a regular schedule until you leave the planet. I've never had one and never plan to, but I don't think the idea is inherently bad.

This page has a pretty simple explanation. I suspect anything simpler will leave out important information. I'd never heard of the equity annuities. That might be newish. I would think that if you're a person looking into an annuity then you're probably only comfortable with fixed. That's my impression. People go to them for the security of a steady income.

Wish I could be of moresome help.

Last edited by B L; 2011-03-09 at 12:16.
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