The financial group that I have a 401k with is suggesting I put some $$$ in a Prudential Apex II Annuity. Any of you investment gurus know anything about it? On the surface, it looks good. But then so did Bernie to a whole bunch of folks…
Careful. Big commissions are made selling annuities because they tend to be profitable for the seller. “Financial advisors” who work for a firm that sells annuities can be very aggressive in pushing them. Advising you to get an annuity may be a good thing, I’m suspicious that you’re being steered to a very specific one.
If healthy and feel you have a good chance of living a long life, then annuities can be a good bet to make since they pay until you die, and if you live long enough you will “win,” i.e. get more money out of it than you could have gotten investing normally.
I don’t see anything particularly special about the Prudential Apex II.
If what’s being suggested is to place your 401k into an annuity, I would say no. What about that annuity appeals to you? There are thousands of annuities out there. If it’s just another way of investing in a portfolio of mutual funds, you don’t need an annuity to do that. Annuities are expensive for more reasons than just the commission.
If what’s being suggested is to place your 401k into an annuity, I would say no. What about that annuity appeals to you? There are thousands of annuities out there. If it’s just another way of investing in a portfolio of mutual funds, you don’t need an annuity to do that. Annuities are expensive for more reasons than just the commission.
Ding. Ding. Ding. We have a winner.