|
Inside this Article
How Much
Should I Invest In An Annuity?
|
Sponsored
Links
|
Unlike a 401(k) or an IRA,
there are no limits on the amount that you can invest in an annuity.
Whether you’re considering a deferred or immediate annuity.
The amount of money you should
consider putting into an annuity depends on: Your immediate
actual and potential financial needs.
|
Your long-term financial goals
Your current savings/investment portfolio The range of alternatives available to you Of these, the most important is your
immediate actual and potential
financial needs. However, you’ll likely pay a penalty if you make
a large withdrawal within a few years after you’ve bought the annuity.
If you’re buying an
immediate annuity, you usually
can’t get any more than the regular payments, no matter how badly
you need cash.
However, if you have other sources of cash that are
sufficient for any emergency or unforeseen needs, then the immediate
needs criterion is satisfied and the other criteria become more
important.
|
