While we typically encourage investing in mutual funds, considering a variable annuity as an additional option could be a great choice. We usually suggest this avenue when folks are completely debt-free, including their mortgage, and have maximized all other investment and retirement options.
For additional details about Ramsey's Investing Philosophy, check out this link. It's important to note that there are various factors involved when it comes to what a SmartVestor Pro recommends and why. If you are working with a SmartVestor Pro who recommended an annuity, you're welcome to ask them why.
If you still have questions after discussing the concerns with your SmartVestor Pro, seeking a second opinion could be a prudent step. If you need additional SmartVestor Pros to speak with, reach out to our team with your zip code so we can provide you with a list of pros.
Ramsey Solutions is a paid, non-client promoter of SmartVestor Pros. Learn more.