Annuities now more appealing for retirement than usual investments Jevans Nyabiage

By: Publication details: Nairobi Natin Media Group Thhursday, April 16 2009Description: p.6 [Money], Daily Nation, April 16 2009Subject(s): Summary: With the current volatility in traditional investments, the lure of an assured income paid out periodically over time has after retirement has increased. Points to note include; *money in a fixed annuity grows tax deferred, so retirement savings have the potential to grow faster *the insure takes the risk *bargain for best deals when buying fixed annuities *withdrawals may be subject to surrender charges and penalties
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With the current volatility in traditional investments, the lure of an assured income paid out periodically over time has after retirement has increased.
Points to note include;
*money in a fixed annuity grows tax deferred, so retirement savings have the potential to grow faster
*the insure takes the risk
*bargain for best deals when buying fixed annuities
*withdrawals may be subject to surrender charges and penalties

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