This video only available for RealPlayer . I'm currently 30 years old and my place of work has a decent retirement plan. First, let's review annuities.
Annuities are usually fairly safe, low-yielding investments.
The down side to annuities The types of investments annuities offer are limited, and fees tend to be high. These annuities usually don't perform as well as most mutual funds. If I had a choice, I'd rather see my money grow in a well-managed mutual fund with low fees. That's something you can achieve with an individual retirement account. With decades to go before retirement, you can afford to take on more risk than you would with an annuity, too.