Annuities and financial planning

Business & Finance

Question description

you need to know how annuities work because many financial planners advise their clients to have them for retirement planning. do you think that you need them? if so, then how old should you be when you buy one?

a. what part does the stock market play in an annuity?

there are three questions that you must consider.

· what if you live too long?

· what happens if your investments lose money?

· what happens when inflation hurts your investment?

b. while you cannot predict the future, what directions would you take to decide on the best way for you to plan?

c. when should you consider making these plans?

Tutor Answer

(Top Tutor) Daniel C.
School: UC Berkeley
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1831 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors