Buying an Annuity

Firesale!!! This opportunity will only last until January 31st!!! You must buy this annuity now or you will never have this opportunity again. Have you ever heard this?

Yesterday, I received a call from a lady who was in a hurry to buy an annuity. I immediately asked her why she was in such a hurry. She proceeded to tell me that a TIAA Creff represetnative told her that one of their annuities was only going to be available until the end of the month and that she would have to hurry if she wanted in. She insisted that it was very important for her to make a decision soon because of this.

Now, let me just explain a couple of things. First of all, investing/saving is not something you should make hurried decisions on, particularly when purchasing annuities. Next, and more importantly, ‘great opportunities’ are ALWAYS available in the investment world. For the most part, fireslaes are really monthly contests in disguise. I can honestly say that without feeling guilty in the least bit.

And for one more important point; companies like the one mentioned above are in busines because YOU invest your money with them. The bottom line is, if they can’t take your money, they won’t stay in business. So if one product is truly disappearing, another one will show up right away to take its place…particularly if it attracts a lot of money. Do you get it? Whether it’s a fixed annnuity, variable annuity, or indexed annuity, or any other investment for that matter.

The bottom line is, there is NEVER a reason to be in a hurry to make money decisions. Opportunities come and go and there is always something else to invest in. If you believe you are going to miss out on the next Google, and you make your decision based on that, you could get yourself into a lot of trouble. Take your time, especially with annuities.

For more help with annuities, please click on annuity help.

Ignorance is NOT Bliss.

Tony M. Bahu

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