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Thread: annuity ?

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  1. #1
    Join Date
    Apr 2008
    Posts
    464

    Default annuity ?

    How do annuities work? My mother has one that keeps paying her the same amount of money despite the fact that the value of the annuity has fallen ( it has gained some value back in this last, dying rally). She likes that regular money.

    Are they simply taking a loss to keep people like her invested?

    Thanks for any info.

    Edit: I did find some basic info on the interwebs, ie, fixed, variable, effect of market conditions. Any other info is still welcome.
    Last edited by KGW; 06-22-09 at 01:14 PM.

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