Question for the Money Doctors
Question submitted on Feb 11, 2011.
QuestionI am getting ready to retire and I will receive a lump-sum payout from my employer in addition to my monthly pension. What is my best investment option in an IRA where I can still access some or even all of my money at any given time? Indexed annuity? Fixed or variable annuity?
rolling it over to an IRA either mutual fund..or deferred annuity (varaible, fixed or even indexed) are possibilities.
But with the annuity..make sure..you understand..if there are any surrender charges..and also if the deferred annuity has a "free withdrawal corridor"..You want the product ..to be flexible..and not pay a penalty..to withdraw some funds..when needed.
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