Posted by NeverAgain on March 02, 2004 at 05:52:03:
In Reply to: Re: Re: Re: Re: Re: insurance selling restrictions posted by Frieda Gewirtz on February 28, 2004 at 16:34:28:
Why would you want to roll over your pension? What are the advantages to doing that? Your pension IS retirement income.
I can guarantee you one thing. If you roll over your pension to buy this annuity you will be providing income to the agent who sells it to you. That is all the motivation some agents need. Do not accept the word of a website. Find a QUALIFIED financial planner through your bank or credit union or accountant or employer and ask questions, lot of them, face to face.
: www.totalreturnannuities.com says that if someone is retiring the advantages to buying an immediate annuity are that it provides retirement income. If I rollover my pension to the insurance company Im guaranteed a steady stream of annuity income payments for the rest of my life. Are there any disadvantages to doing this?
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