Quote:
Originally posted by PersianKitty
A year ago here you could get 7% too on market rate accounts..now it's 2%.
Annuities are long term investments. Most of them , even those tied to the market seem to do well in the long run. If you're looking short turn, it's not the way to go.
I tend to spread out quite a bit, but have been fairly happy with a variable annuity I set up with ING http://www.ing-usa.com/, about 4 years ago.
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ideally, this is what i want: i'd like to hand over X million dollars - then get 7-8+% guaranteed annual return (or higher if possible - of course). If i could secure such a return, i would lock it in for a very long time. i am not interested in making large amounts of money on the capital ie: i am not interested in risk.
what i am interested in, is a good rate of return, with very low risk (or 'no' risk) for X million dollars. also, very little work/stress. I will be keeping a sizable amount of money liquid, and so will not have any need to access the majority of my cash, if i could lock in such percentages.