Finance, Investments Annuity

FredM0714

New Member
Jurisdiction
New Jersey
My question is about Fixed and Equity Indexed Annuities in the state of New Jersey. I am told that an individual can only invest 55% of their total assets in an Annuity, I understand that it is a protection for the consumer and nobody should have ALL of their money in any one product or annuity. Please advise
 
I am told that an individual can only invest 55% of their total assets in an Annuity,

Told by who?

Is that a law or just somebody's common sense advice?

I understand that it is a protection for the consumer and nobody should have ALL of their money in any one product or annuity. Please advise

Advise about what?

If you're asking does it make sense to diversify, of course it does.

What else would you like to know?
 
Told by who?

Is that a law or just somebody's common sense advice?



Advise about what?

If you're asking does it make sense to diversify, of course it does.

What else would you like to know?[/QUOT
I was trying to find out if it's a state law or a insurance company rule.
 
My question is about Fixed and Equity Indexed Annuities in the state of New Jersey. I am told that an individual can only invest 55% of their total assets in an Annuity, I understand that it is a protection for the consumer and nobody should have ALL of their money in any one product or annuity. Please advise

You should not take financial advice from anyone looking to make money advising you how you invest your money.
 
Talk to a financial advisor or someone of that sort.
 
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