Malcolm Berko, Taking Stock

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Is guaranteed growth investment wise?

 
By Malcolm Berko    Comment on this article Leave a comment
Published: August 24, 2008

Dear Mr. Berko: My friend says Fidelity Investments had an advertisement in the newspapers talking about a guaranteed-income investment that would be good for the remainder of my life. My friend says that the income will always be the same and will never go down. He said he moved $27,000 from his independent retirement account to this Fidelity Growth and Income investment that guarantees 6 percent on that money right away, or $1,620 a year. I don't want to call Fidelity because I don't want to get sold a bill of goods by a smooth-talking salesman. However, I could invest $52,000 if you think this is a good thing.

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Related Topics: Business, Personal Finance, Retirement Planning, Financial Planning, 401(k)s



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