Registered Annuity worth it?

[bleu18]

Is a Registered Annuity worth it (as a side savings)? Or should you just save/invest your money elsewhere

[pugboy]

as a side savings but remember you are taxed at completion and the minister of finance could also decide later on to hit you with more taxes too
republic bank tisp was supposed to be tax free but impsbert put a tax on it

[death365]

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

[hover11]

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

Just remember like a credit union as with any other financial institution if they should fail all that they guaranteed to reimburse you is $75,000.00 doesn't matter if you saved millions with them

[adnj]

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

Just remember like a credit union as with any other financial institution if they should fail all that they guaranteed to reimburse you is $75,000.00 doesn't matter if you saved millions with them

Spread your deposits across multiple financial institutions - that's how you deal with the limit.

[De Dragon]

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

Just remember like a credit union as with any other financial institution if they should fail all that they guaranteed to reimburse you is $75,000.00 doesn't matter if you saved millions with them

Foster would disagree.

[hover11]

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

Just remember like a credit union as with any other financial institution if they should fail all that they guaranteed to reimburse you is $75,000.00 doesn't matter if you saved millions with them

Foster would disagree.

Well you know the law for the small man and politicians are completely different

[Rockram]

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

Just remember like a credit union as with any other financial institution if they should fail all that they guaranteed to reimburse you is $75,000.00 doesn't matter if you saved millions with them

Get your point but deposit insurance is currently 125,000, to answer op depends on your goals and particular situation it can make sense, but you can outperform these funds significantly in the long term with your own investments, remember risk is tied to rewards in the financial realm, don't expect great returns from a retirement fund (BTW not covered by deposit insurance so get zilch if it tanks)

[pugboy]

yep, they all have pluses and minuses
credit unions do offer value in terms of access to loans and insurances for the small man

Generally no. If u want hard savings aka can not be easily converted to cash but can be used as collateral then shares in a credit union is the better option.


Most good credit unions pay dividends of at least 4 %.

Just remember like a credit union as with any other financial institution if they should fail all that they guaranteed to reimburse you is $75,000.00 doesn't matter if you saved millions with them

Spread your deposits across multiple financial institutions - that's how you deal with the limit.

[Mmoney607]

Annuity and buying a new elantra is the same. It's for people who want to feel like they made it

[De Dragon]

Unless your in a job that provides an annuity as a benefit, there are better things to put your money into. Real estate, a business, stocks, bonds, T-bills.

[death365]

Stocks are ONLY for those who have extra liquidity and willing to take high risk for high rewards. It na b savings its an investment, which can go up or down in value.

[pugboy]

i look forward to dividend payouts, certainly was not an "ONLY for those" situation for me.

[sMASH]

Stocks are ONLY for those who have extra liquidity and willing to take high risk for high rewards. It na b savings its an investment, which can go up or down in value.

monitoring the markets is like a next day wuk. unless ur just relying on dividends.

as said above, better to spread ur investments into a variety, so that the hit with any individual avenue, is not a hard.

met up a former teacher who had retired, he started a small hardware, and it booming. but when time to enjoy his retirement, he wukking harder than he was a teacher, cause the business needs his 24/7 attention to run.

that was 5 years ago, i hoping by now, he pass that off to one of his children... that woudl be the ideal annuity

[De Dragon]

Stocks are ONLY for those who have extra liquidity and willing to take high risk for high rewards. It na b savings its an investment, which can go up or down in value.

No, there are countless stocks affordable to the average investor
It's called investing for a reason.