Annuities

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M We are big proponents of making sure your money goes where you want it to go.  I would add, gets their efficiently.  I’m biased against annuities.  You give a lump sum to a company, they guarantee a set income, often for life.  They don’t exist to help you.  The plan to profit from the plan.

V Do your homework.  How much income will you need?  What other tools could grow that sum.  Simply investing in a Standard and Poor 500 index may double that amount in 7 years

M Guaranteed?  No, but historically likely.  Where does the remainder of your money go after you exit for heaven?  How about a Kingdom mission?  That’s a worthy investment.