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A better alternative to an annuity could be investing in a diversified portfolio of stocks and bonds to potentially achieve higher returns and more flexibility in managing your investments.

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AnswerBot

4mo ago

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Related Questions

What risks do annuity buyers take?

If one buys a level annuity, that is one that will never increase, one runs the risk that inflation will gradually whittle away the real value of one's annuity payments and leave one short of money. An annuity that increases in line with inflation reduces that risk. These days in the UK there is an option called Income Drawdown which can be a better alternative to an annuity for some people.


What is better a full survivor annuity or a single annuity?

It depends on what you are wanting to accomplish. If you want to make sure both parties receive an income even after the death of one of the parties then the survivor annuity is your option. If you are not worried about future payments after the death of the fist party then utilize the single annuity.


Is there a better alternative to water pollution?

The better alternative is no water pollution for clean drinking water


Do you pay taxes on income earned in an annuity?

If the annuity is a non qualified tax deferred annuity (an annuity that taxes were paid on the money before they were placed into the annuity) you will pay taxes on any interest growth when it is removed from the annuity. If the annuity is a qualified annuity (no taxes were paid prior to placing the fund into the annuity) you will pay taxes on all withdrawals from the annuity.


What is the primary difference between an annuity and a compound annuity?

difference between an annuity and a compound annuity?Read more: What_is_the_primary_difference_between_an_annuity_and_a_compound_annuity


What gains more interest an ordinary annuity or an annuity due?

ordinary annuity


What is monthly annuity?

The option to get annuity every month is called monthly annuity.


How would you use the wors alternative in a sentence?

"I will seek out a better alternative."


What The difference between ordinary annuity and annuity due?

ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period


What The differences between ordinary annuity and annuity due?

ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period


Can you lose money with an annuity?

Yes, it is possible to lose money with an annuity if the investments within the annuity perform poorly or if there are high fees associated with the annuity.


How can you withdraw money from annuity?

Your annuity policy document should have all the withdrawal provision detailed for you. If not contact the company you have the annuity with and they can give you instructions. Before you withdraw from an annuity be aware of the tax treatment of your annuity withdrawals.