Regarding variable annuities for retirement income? - no load variable annuities
I was told that the main benefits "without charge or charges (other than charges for early repayment), the ability to transfer funds between fund" families "without charge, the ability to add or remove resources without the cost and protection the amount invested in my husband that I die. Are there any drawbacks?
Tuesday, January 12, 2010
No Load Variable Annuities Regarding Variable Annuities For Retirement Income?
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3 comments:
.... There are many fees associated with annuities. Do not let them say something else. The poster above is 100% correct! 1000 Stars and avoid giving a better response and provider incomes like the plague!
Invest in Vanguard, Fidelity, T Rowe, or in a big instead of a monthly pension benefit products. You will enjoy similar protection, without the enormous costs that go with pensions.
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My answer has not changed. Your financial adviser can do all these things with a Schwab IRA account or a product of a system of open-source architecture. You are already paying to manage your money, why should I pay insurance premiums. 72T, and distributions are not so difficult to calculate. In fact, there are many online calculators. You need only perform the calculation of life expectancy at once and then be distributed at least annually thereafter. Why do we make it increasingly difficult and expensive will it be.
Annuities are products viable for those who can not sleep peacefully at nightif you know exactly how much you earn, how much they are paid. Certainly their place, but have simply not worth the money for investor education.
Apparently, the two answers I got did not really understand that there are several types of pensions!
We talk about the most risky and the market has changed in the last 6 years at a level that people have lost their shirts!
The type of pension you have to consider is a fixed annuity? They are safe, or if you had a full pension before the first year passed. You can be as bad as it offers a monthly income and the interest of the insurance for your entire life, is exactly what most companies if, as in retirement? A fixed annuity? The same with the lottery, with monthly payments.
I can tell you that financial planners make more money than any travel agent, insurance annuities.
He does not avoid inheritance taxes and deferred interest. Interest rates are very competitive. The only drawback is that if you bear in mind that it cash penalties. For a monthly income, no. Maintenance and management fees. Drive throughCo-operative Insurance. and not a broker or planner. Save yourself thousands and manage your own money! We hope that a clearer picture is provided by the different types of pensions, can you.
Lies, lies, lies, lies!
Pensions are one of the most expensive and least efficient investments there and they said there was no load is full. It may be that * you * see fees, but there are charges, believe me!
Pensions are only 10% of people over 65 years. Everyone should refrain. If you really together in an annuity, call Vanguard and talk to them. They will tell you whether it is appropriate to your situation or not and have no hidden fees, wilt thou be angry.
Who said that's more interested in doing as much money and not lose as much. Run Away!
Good luck!
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