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Anonymous

15 Jul 2020

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When is best time to buy annuities for retirement income? At young age (<40), it is better to invest for higher gains. Is it better to do it around age 45 as guaranteed return is only about 2.5%?

At older age also less risk should be taken and new savings can channel from investing towards annuities.

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Cryotosensei

02 Jul 2024

Blogger at diaperfinancingfund.blogspot.com

Lucky these days we have T-bills

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Pang Zhe Liang

15 Jul 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

As always, the earlier the better. This is because we have the power to make use of compound interest to work for us. Generally, this means that we can reach the same goal with a lesser capital outlay, due to a longer accumulation time period.

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Moreover, it is always good to have a balanced portfolio. At the end of the day, investment yields only non-guaranteed returns. Therefore, a guaranteed step-up annuity will become a strong cushion for you to fall back on.

I share quality content on estate planning and financial planning here.

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SkyFP.com

14 Jul 2020

The value of annuities is in the guaranteed cash flow.

Any time is good to buy for retirement.

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