Chapter 48. Steve’s annuity rules, part one

 

“I always pass on good advice. It is the thing to do with it. It is never of any use to oneself.”

 
 --Oscar Wilde

You can’t play the game unless you know the rules. Here are some of my rules about annuities that you should know.

Rule one—In any investment, it is not what you make that counts—it is what you keep. Fees are a critical element in evaluating the appropriateness of any investment. Annuities come fraught with many fees, some of which are not obvious. Make sure you know what the fees are and how they affect the value of your investment before ...

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