Comments on: Never Place an IRA in an Annuity? Wrong! https://annuityguys.org/never-place-an-ira-in-an-annuity/ Annuity Rates, Features & Ratings: America's trusted annuity resource. Compare best options for hybrid, index, fixed, variable & immediate annuity quotes. Mon, 11 Apr 2016 17:59:53 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: Bill Southwell https://annuityguys.org/never-place-an-ira-in-an-annuity/#comment-5074 Sat, 28 Sep 2013 17:04:15 +0000 http://annuityguys.org/?p=4946#comment-5074 I downloaded your book, The New Retirement, and I have read it cover to cover (well, Scroll top to bottom).
I have a financial planner looking for an annuity for me. He has come back with some salespeople showing me a National Western Life, NWL Ultra Classic, which is an indexed annuity. It has a spread of 0.2, 75% Participation, and the Guaranteed Income Rider fee of 0.37% (as near as I can figure from their print out illustration. These good rates come with no upfront bonus, which is fine with me.

I am 76 and have $1M in qualified money. If I buy this policy and at the end of the second year I start an income stream at 6.8% of the then account value, which according to their illustration give me $81,500 annually for the rest of my life. That is over 8% on my money. Plus the Account Value never dips below $1M. Thus, if I were to die, my wife would collect this one million dollars, no matter when I die. (She is 12 years younger than I.)

Here is my question: This sound too good to be true. I do understand their illustration shows S&P returns starting from Sept. 25, 1994, which had some very good years following. But even so, the returns will be, astounding, to my mind. Am I missing something? Is this NWL about to go under? I see it has an A rating with AM Best.

Please set my mind at ease, or advise of another company’s plan.
Thanks,
By the way, all your videos are great. And I have learned at lot from you.
Bill Southwell (bill@tablemountainoptics.com)

]]> By: Robert B https://annuityguys.org/never-place-an-ira-in-an-annuity/#comment-4542 Sat, 29 Jun 2013 12:35:54 +0000 http://annuityguys.org/?p=4946#comment-4542 Sorry.
My opinion is that you would NEVER want an annuity in your IRA. If, when the time comes, you need a “floor” income then you could annuitize a portion of your IRA.
Until then, let your IRA grow. Costs matter, and there is no way this is a good idea.

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