2783: Is an Annuity the Worst Investment a Young Person Can Make? by Jeff Rose of Good Financial Cents
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2783:\nJeff Rose explains why annuities, typically seen as suitable for older individuals, may not be the best investment for young people due to their limited growth potential and penalties for early withdrawal. While annuities might provide some benefits within a diversified portfolio, Rose emphasizes the superior advantages of Roth IRAs and 401(k)s for young investors.\nRead along with the original article(s) here: https://www.goodfinancialcents.com/should-you-buy-annuity/\nQuotes to ponder:\n"One of the best things that my mom ever did for me as a young adult was to start an investment strategy for me."\n"Why does a 24-year-old need a fixed annuity? Turns out it was a very legitimate question."\n"If you\u2019re young and don\u2019t mind some fluctuation in your investments, it\u2019s hard for me to make the case that an annuity makes sense."\nLearn more about your ad choices. Visit megaphone.fm/adchoices