Why are annuities considered bad investments? As the stovk market has grown so fast the last couple of years, sometimes I think it would be wise to take a chunk of money “off the table” and put it in an annuity to start paying out in retirement. Is this stupid? submitted by /u/PlayMaker566

Bank trying to persuade me to go for annuities for a parent in memory care? One of my parents is in memory care with a bill of $6800/month. That parent has $2 million at a major US bank. I am the power of attorney and sole decision maker as well as sole beneficiary. The parent has an additional $1 million in stocks at Vanguard as well as a $500k house which is currently on the market. The $2 million at the bank is in mo…

Overwhelmed with new inheritance; Properties, Annuities, Stocks, Cash, Life Ins. Policies etc… *burner account for security purposes* My grandmother recently passed away and left her estate to my Brother and I (50/50). I am so confused as to where to start.. Ive read the Wiki in Windfall but I need more specific advise on who I need to speak to.. Accountant? Financial Advisor? Tax Lawyer? Some combination of these? My personal situation:…