Is ING equity annuity a good investment?

The first question is: do you want an annuity at all? Not knowing your financial situation, I can't say. Maybe the first link will help you decide.

The second question is: do you want an ING annuity. I lean toward a Vanguard annuity instead due to their low fees, but compare them and see which you like best.

YES, they are paying highest interest rates these days.

www.ingdirect.com

The question is one of defining "investment."

Some people think of their house as an investment, but I think of it as a dead asset that is tying up my capital.

Some people look at bonds as an investment, but really, any interest-bearing security is a "holding," and not an investment, like a T-Bill or CD. These are all just someplace safe to park your money in an uncertain climate. The annuity falls into this category.

So is an annuity a good investment? No. Investments generally earn higher rates of returns than current rates of interest.

Is an annuity a good holding place for your money? Sure, about as good as anything else, if you're happy with 5% for now.

Given the recent decline in the stock market, that 5% is going to look pretty good when everyone else is crying about loses, if the decline continues. If the recent bounce turns into a rally, you're going to wish you had a true "investment."

A good investment in yourself today would be gdi.
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