Go offline with the Player FM app!
2783: Is an Annuity the Worst Investment a Young Person Can Make? by Jeff Rose of Good Financial Cents
Manage episode 427125985 series 3571232
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2783:
Jeff Rose explains why annuities, typically seen as suitable for older individuals, may not be the best investment for young people due to their limited growth potential and penalties for early withdrawal. While annuities might provide some benefits within a diversified portfolio, Rose emphasizes the superior advantages of Roth IRAs and 401(k)s for young investors.
Read along with the original article(s) here: https://www.goodfinancialcents.com/should-you-buy-annuity/
Quotes to ponder:
"One of the best things that my mom ever did for me as a young adult was to start an investment strategy for me."
"Why does a 24-year-old need a fixed annuity? Turns out it was a very legitimate question."
"If you’re young and don’t mind some fluctuation in your investments, it’s hard for me to make the case that an annuity makes sense."
Learn more about your ad choices. Visit megaphone.fm/adchoices
2895 episodes
2783: Is an Annuity the Worst Investment a Young Person Can Make? by Jeff Rose of Good Financial Cents
Optimal Finance Daily - Financial Independence & Money Advice
Manage episode 427125985 series 3571232
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2783:
Jeff Rose explains why annuities, typically seen as suitable for older individuals, may not be the best investment for young people due to their limited growth potential and penalties for early withdrawal. While annuities might provide some benefits within a diversified portfolio, Rose emphasizes the superior advantages of Roth IRAs and 401(k)s for young investors.
Read along with the original article(s) here: https://www.goodfinancialcents.com/should-you-buy-annuity/
Quotes to ponder:
"One of the best things that my mom ever did for me as a young adult was to start an investment strategy for me."
"Why does a 24-year-old need a fixed annuity? Turns out it was a very legitimate question."
"If you’re young and don’t mind some fluctuation in your investments, it’s hard for me to make the case that an annuity makes sense."
Learn more about your ad choices. Visit megaphone.fm/adchoices
2895 episodes
All episodes
×Welcome to Player FM!
Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.