Fixed Index Annuities

[$ hoarder]

What are your thoughts on them for someone in their late 20s looking for a place to put their $ long term? The way I understand it is that you are guaranteed not to lose $ in a year and will gain no more than X%, even if the market gains more. In today's turbulent economy it seems like a safe bet. Do you have a preferred investment vehicle for my situation?

[Petunia 100]

What are your thoughts on them for someone in their late 20s looking for a place to put their $ long term? The way I understand it is that you are guaranteed not to lose $ in a year and will gain no more than X%, even if the market gains more. In today's turbulent economy it seems like a safe bet. Do you have a preferred investment vehicle for my situation?

A person in their 20s maing long term investments should not be looking to limit their growth and pay an insurance company high commissions for the "privilege". Insurance and investments are two entirely different things. Keep them separate. Combining them leads to high fees and sub-optimal products.

[jpg7n16]

Yes. Stocks.

Historically, every 30 year period or longer in the entire history of the stock market (Great Depression included) has yielded at least 5% returns. The average being nearly double that at 9.41%.

[disneysteve]

someone in their late 20s looking for a place to put their $ long term

Do you have a preferred investment vehicle for my situation?

Absolutely. Long term = Stocks.

As the others said, why would you want to pay big commissions for lousy returns. You don't need "safe" at your age. You nee growth.

[lrodptl]

How about for a 54 year old looking to retire in 6 years?

[bjl584]

How about for a 54 year old looking to retire in 6 years?

I suggest that you create a new thread and provide more information. What does your financial picture look like? Assets? Debts? Income? Any anticipated future expenses?