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You’ve probably seen it in the news over and over again — an annuity is one of the worst investments you can make, and it’s barely even an investment because you have so little control over your money once you sign the agreement. That being said, it’s also understandable why so many people have purchased annuities in recent years — considering how poorly the economy has been looking, and considering how many businesses have wiped out pension and retirement plans, a lot of Americans have panicked and have turned to an annuity settlement for some stability.

However, that doesn’t change the fact that an annuity isn’t a good investment, and if you’re thinking that you might want to sell your

You’ve probably seen it in the news over and over again — an annuity is one of the worst investments you can make, and it’s barely even an investment because you have so little control over your money once you sign the agreement. That being said, it’s also understandable why so many people have purchased annuities in recent years — considering how poorly the economy has been looking, and considering how many businesses have wiped out pension and retirement plans, a lot of Americans have panicked and have turned to an annuity settlement for some stability.

However, that doesn’t change the fact that an annuity isn’t a good investment, and if you’re thinking that you might want to sell your annuity, you’re onto something pretty worthwhile. Here are just a few reasons why annuities are so terrible, and why selling your annuity – and immediately getting cash for annuity payments — is probably the best option for you:

1. You actually can’t manage your own money in an annuity. Once you sign the paperwork, your money is funneled into an account and can’t be touched until after the specified time limit/ age limit — unless you want to pay huge early withdrawal fees, of course, and lose as much as 10% of your own money.

• Annuities aren’t really investments because the money doesn’t grow. A better option is to sell an annuity entirely and then take that lump sum and invest it somewhere where it can actually increase. Annuities don’t even acquire interest like money in a savings account would.

• You actually lose money in annuities. Many people don’t realize that there are actually quite a few fees involved in the whole agreement, and their money doesn’t even just sit there without being touched — it actually decreases and they can’t do anything about it. These fees might not be huge, but they’re still pretty unnecessary and definitely not fair.So what do you think? Are annuities still worth it, or is it time to sell yours?