What do you know about guaranteed annuity 401K?

Question

Want to get out of stocks and put money in guranteed annuity, if I pulled out now, I would make a nice profit.  Not interested in stock market, want guarantees that what I put in, i will get back......I guess they call it a guranteed annuity fixed fund.

ChemicalAli · Answer

Want to get out of stocks and put money in guranteed annuity, if I pulled out now, I would make a nice profit.  Not interested in stock market, want guarantees that what I put in, i will get back......I guess they call it a guranteed annuity fixed fund.

wallstreetcappers · Answer

Annuities inside a 401k is not wise...annuities are to defer taxes, a 401k defers taxes already.

The guarantee of the annuity is usually VERY low, plus the upside to your contract is limited.

So for example if you were in an S&P annuity and the S&P was up 30%, your annuity contract will go up 20%.

I dont like annuities but especially inside a tax deferred account.

ChemicalAli · Answer

hmmmm. Maybe I&#x27;m thinking of a fixed fund?

Rush51 · Answer

I hope what you are thinking of exceeds the inflation rate... otherwise, money-losing strategy is what you have in your hands.

We don't know your age, but You're more likely better off in stocks

What do you know about guaranteed annuity 401K?

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