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    Categories: Retirement

Video: Rob Carrick – Why you shouldn’t dismiss annuities

The questions about annuities are a common theme in financial discussions.

If you’re worried about your financial return on an annuity, remember that it is not an “investment” which you can compare to stocks, bonds, GIC’s.

However if you want to be guaranteed a cheque every month for the rest of your life to pay your bills, an annuity is what you need. It will give you a greater return than a GIC, the interest on which is 100% taxable. Above all else, it will give you security.

Don’t confuse investments and annuities; they serve the same goal, through different channels similar to a boat and a plane going to the same country.

 

Posted by: Phil Barker: Phil is a leading expert in life annuities in Canada. His website Life Annuities.com is a recognized authority on annuities. Recently, he's been redefining how annuities are sold in Canada.