What are Annuities? (Annuities Explained)
You’ve likely heard of an annuity but perhaps you aren’t sure what they are. Some people choose to use them for retirement income but should you invest in one or continue setting money aside in your IRA? These investment vehicles might work for some retirement investors but is it worth your money purchasing an annuity? Should you buy an annuity for retirement income?
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LEARN MORE ABOUT: Retirement Annuities
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Last year I made a property sale and had over $1 million dollars in proceeds. i put around $400k in index annuities and put the rest in the trending High Frequency trading style. Today i have made more than double the annuity premium from the stock market and sure enough will not need an annuity for the rest of my life with the way things are going
still I will not discredit annuities in any way. they buy you peace of mind but then a lot of people buy them out of fear of what's yet unknown even when it's not the best decision for them. if you need growth, you can try other stuff and tools. annuities should be a backup plan, just like an insurance. concepts like HFT/ algo trading and diversification of assets can be of great help for growth oriented individuals while still retaining control of your money. and do make sure your annuity plan has that death benefit clause in them, that is if you need to
explanation is clear, but the animation hasn't really helped me
Seems like the fixed would be good to have as a long term emergency for like 6 months or more of experiences. It be better than a bank to match inflation. Then have like 2-3 months in a bank. I'd be happy with 5000 in savings. Invest what ever excess money you have.
This is a very basic explanation of annuities. Please look at other videos from other authors to get a better understanding of annuities. For example, annuities are bought by individual companies which can go bankrupt and your invested money can be lost partially, or completely.
Thank you for this, it’s really helped me understand annuities. I wasn’t quite getting.
I've been looking to diversify my retirement
I think that's annuity is great way for better security of you investment
Million Dollar Potential in Ruvol
I have invented a Board Game [still unpublished and not yet out in the market] that is guaranteed to be far more challenging and exciting than CHESS. I called it “RUVOL.”
Over time, Ruvol will surpass chess as the “Number One Board Game in the World.”
Why am I so sure about this? Because I am an avid chess player myself. The weakness of chess is it always starts in fixed positions that the opening moves become “memorizable.” In fact, not a few have so mastered the moves that they can play against their opponents “blindfolded.” It’s for this reason I invented Ruvol where every game is always challenging and exciting to play.
HOW IS RUVOL PLAYED?
Ruvol is played somewhat like chess. I purposely invented Ruvol to give chess a direct “apple-to-apple” competition.
Like chess, Ruvol is played by two players. It uses a board that is rectangular in shape but containing more number of squares than chess. Like chess, it has equal number of pieces on each side of the board, where each type of piece moves in distinct ways. However, if the way to win chess is to checkmate the opponent’s king, the way to win Ruvol is to be able to cross a designated line.
But there’s one biggest advantage Ruvol has over chess that makes Ruvol a very challenging game to play. Unlike chess, the Ruvol pieces are randomly placed at the start of every game which makes it impossible for any clever player to memorize the moves. Fischer Random Chess, also known as Chess960, likewise introduced a random set up, but with many exceptions. Ruvol is 100% random.
At present, there is no other board game in the world within the same category of chess “where chess players can switch to.” Chess is totally a monopoly in its class. Chess players can now have a great alternative in Ruvol.
A MILLION DOLLAR POTENTIAL IN RUVOL
The people who play chess will be the same people who will play Ruvol. In my Google search, I learned there are around 800 million chess players in the world. These 800 million players comprise the “Total Potential Buyers” of Ruvol across the globe. At an average profit of just US$3 per set, the “Global Income Potential” of Ruvol then is US$2.4 billion. Assuming only 1% of it will buy each year, the annual global potential sale of Ruvol is US$24M.
I AM SELLING MY COPYRIGHT TO RUVOL.
For the reason that I don’t have the resources to publish Ruvol on a global scale, I find it “wiser” to simply sell my copyright.
If you’re interested to buy my copyright, email me your BEST PRICE OFFER. My email address is: rodolfovitangcol@gmail.com.
Thanks and God bless!
RODOLFO MARTIN VITANGCOL
The Ruvol Inventor
Early bird catches the worm!
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Why did you cross out Trump? Are you a crazy lefty or what.
That's true nobody cares about your money as much as you so I'll keep investing in myself 🙂
Never thought much about annuities. Great overview!
good information
Great video Chris! Thanks for sharing.
Great…new freind here…hope u do the same…stay connected….
A topic that is not usually covered. Great explanation!
Hi Chris, Amazing content as usual! When can see your face in the video?
Great info Cris!
Ah so many options out there. Thanks for bringing this one up!
Never knew about these annuities. It seems safe and secure for people depending on consistent income and not having to worry too much about market fluctuations. Thanks for sharing Chris!
Great explanation! I never knew what they were before this video… and now I’m sure I’ll never use them! Haha
As always great video for anyone considering this opportunity. I could see an annuity having it’s part in a portfolio. Like you said to hedge against you outliving you retirement account.
Good share, I considered annuities at one time but then decided I can invest at a better rate.